A statement released by the media office of Dubai, the Mideast’s commercial hub, said that Arabian Magazines’ print and online editions would be barred from publishing for a month.
“The magazine committed a violation of the rules and regulations of Dubai Creative Clusters Authority (DCCA) by publishing false news that was based on inaccurate information,” the statement said, without elaborating.
The move against Arabian Business magazine comes as the seven-state UAE federation and three allies are locked in a bitter diplomatic dispute with fellow Gulf state Qatar. The magazine recently reported that courts in Dubai were in the process of liquidating dozens of failed real estate projects in the boomtown, which weathered a severe property slump as part of the global financial crisis in 2009.
Source Credit: Bloomberg
Read full story: https://bloom.bg/2ePkdKb