Middle-east Arab News Opinion | Asharq Al-awsat

Kuwaiti Daily Closes for Economic Reasons | ASHARQ AL-AWSAT English Archive 2005 -2017
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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.