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Emirates Business 24/7 to close print edition

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By Andrew White and Bloomberg

Wednesday, 23 June 2010 3:24 PM

CHANGE OF PLAN: Dubai Media Inc. plans to close the print edition of Emirates Business 24/7 newspaper mid-July.

CHANGE OF PLAN: Dubai Media Inc. plans to close the print edition of Emirates Business 24/7 newspaper mid-July.

Dubai Media Incorporated (DMI) plans to close the print edition of Emirates Business 24/7 newspaper in mid-July, a statement from the government’s media office said Wednesday.

An electronic version of the newspaper will be developed “to provide quick information and analysis in various domains,” the statement said.

In October, DMI took control of daily newspapers Emirates Business and its Arabic equivalent Al Emarat Al Youm after a resolution from ruler Sheikh Mohammed bin Rashid Al Maktoum.

As well as the newspapers, DMI also added Masar Printing and Publishing Company and Noor Dubai Radio and TV to its portfolio after transferring from the Arab Media Group (AMG).

Under the resolution, the transfer included all assets, properties, rights, liabilities and commitments, while all staff also moved from AMG to DMI.

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