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Kuwaiti Daily Closes for Economic Reasons - ASHARQ AL-AWSAT English Archive
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KUWAIT CITY (AFP) – Kuwaiti Arabic-language newspaper Awan announced on Monday it was closing due to economic difficulties after almost 30 months of publication.

Editor Mohammad al-Rumeihi said in a front-page article the paper was closing due to “extremely harsh economic reasons.” He did not elaborate.

The daily’s issue on Monday was its last edition.

The Gulf state of Kuwait will still have 14 Arabic and three English-language newspapers, besides dozens of other publications.

Another paper, Assawt, was forced to close more than a year ago due to the impact of the global financial crisis.

The daily was being financed by Investment Dar, which was severely affected by the economic downturn.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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