Dubai-based weekly tabloid newspaper Xpress will shut down its print publication this week.
The final edition of the paper, published by Gulf News, will hit newsstands on Thursday.
In a statement published on the Gulf News website, Abdul Hamid Ahmad, editor in chief of Gulf News, called the decision “painful” and blamed market conditions and declining revenues.
Xpress, which was launched in 2007, will continue to exist online, and Ahmad said there will be no staff layoffs.
He added: “It is very painful to announce to our readers that we have taken the decision to close the print edition of Xpress.
“Xpress lived on for more than 11 years, bringing readers quality community stories and investigative reports of high international standards.
"That is why losing a newspaper such as Xpress, which focused on communities, people and investigative reports is painful.
“But then reality takes priority over the wishes and hopes of editors. Market conditions do not help real journalism with declining advertisements and loss of revenue. Though we took the tough road to keep Xpress going, there had to be an end to all roads. And we felt that we could not continue doing real journalism without revenue."For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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