Private Dubai TV channel shutting down amid slowdown
{{#rendered}} {{/rendered}}A privately owned Dubai satellite television channel is shutting down amid an economic slowdown caused by low oil prices.
Staff at the English-language channel City7 said Tuesday they were in the process of shutting down. They spoke on condition of anonymity as they feared repercussions.
The channel is owned by BinHendi Enterprises, a private firm with a variety of interests in retail and other industries. Telephone calls to the company's headquarters rang unanswered Tuesday and no one responded to emails requesting comment.
{{#rendered}} {{/rendered}}The TV channel's demise brings more media job losses to the oil-rich United Arab Emirates, a federation of seven sheikhdoms on the Arabian Peninsula.
A state-backed, English-language newspaper in Abu Dhabi called The National laid off some of its staff Sunday.