Gap Inc says it is shutting 230 of its stores.
The fashion firm also said splitting off its Old Navy brand, which will be a standalone company.
They say it's part of restructuring efforts aimed at "revitalising" the company.
According to latest figures, sales at Gap are continuing to fall while Old Navy's revenues are on the rise.
Sheikha Latifa explores avenues for closer cooperation with South Korea
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, has met South Korean ministers, senior government officials and business leaders during a visit to Seoul aimed at strengthening cooperation across key sectors.
UAE to fast-track CEPA negotiations after historic Canada deal
UAE Minister of Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi expects more economic deals to be fast-tracked with other countries after signing an historic Comprehensive Economic Partnership Agreement (CEPA) with Canada.
UAE's Primark amongst top 10 strongest global performers, says CEO
Chief Executive Officer (CEO) of Primark Eoin Tonge said stores in the UAE are among the top 10 strongest performers worldwide, with sales exceeding initial expectations.
TECOM Group’s 9-month shows 11% revenue growth
TECOM Group has announced a 11 per cent revenue growth reaching AED 2.3 billion in the first nine months of 2026, with a net profit exceeding AED 1.2 billion, marking an 10 per cent year-on-year increase.
Apple shows first touchscreen laptops amid product blitz
Apple CEO John Ternus unveiled the company's first touchscreen MacBooks on Wednesday, abandoning a long-held aversion to the technology as it caps a burst of product launches ahead of the holiday shopping season.
The Abu Dhabi Federal Court of Appeal has convicted several individuals involved in an illicit weapons trafficking and money laundering network linked to the supply of arms, ammunition and military equipment to the Sudanese Army.
Dubai's Roads and Transport Authority (RTA), in partnership with Dubai Holding Community Management, is constructing two new pedestrian bridges on Palm Jumeirah as part of efforts to improve road safety and traffic flow.
Dubai has launched an initiative aimed at developing future-ready legislation and strengthening the emirate's position as a global hub for innovation and economic competitiveness.
