ITP Media Group – publisher of Arabian Business - is moving to a three day working week, the company has announced.

The new working structure will be implemented from April 12 until June 30, after which the company intends to resume its normal working hours as it looks forward to a strong finish of the year with the much anticipated Expo 2020.

Ali Akawi, CEO of ITP Media Group, said: “The impact of coronavirus has led to a significant decline in the global economy; as a major media house serving a number of significant verticals including tourism, business, hospitality and travel amongst many others, this decline in economic activity has had a significant effect upon all aspects of our business, and ultimately upon the company’s revenues in all its offices around the world.

"But our priorities remain the same: to ensure the well-being of our staff, and to serve our audience the best way we can. At a time of global uncertainty such as this, trusted brands which are a reliable and authoritative source of information are more important than ever."

Akawi added that the postponement of a number of industry-leading events to later in the year would result in an extremely busy final third of the year.

“This temporary measure reflects these unprecedented, current, short-term realities and allows us to retain talent and react rapidly once the threat of the virus has been lifted. The UAE, GCC and our wider region is a vibrant and versatile economy and we are anticipating a strong recovery in the second part of the year in the lead up to Expo 2020 and the busy event schedule tabled for the latter part of the year.”

ITP Media Group is one of the largest media companies in the Middle East, with a portfolio of more than 75 brands. The company delivers quality up to date content to its readers, viewers, delegates and guests through digital, print, events, awards, video content, social media platforms and digital talent agency.