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.
State Street plans to expand UAE operations
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, and President of the Dubai International Financial Centre, has met Ronald P. O’Hanley, Chairman and Chief Executive Officer of State Street Corporation.
Binance sees spike in withdrawals as exchange returns online after heist
Binance customers have pulled $3.64 billion, or 2.1 per cent of its assets, as the world's biggest cryptocurrency exchange went back online on Sunday after hackers the FBI links to North Korea stole billions from the platform last week.
DAFZ, Forbes Middle East to host Future Growth Nexus Summit
Under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Integrated Economic Zones Authority, Dubai Airport Freezone and Forbes Middle East will hold the first Future Growth Nexus Summit in Dubai on November 23.
Dubai Chambers launches Agentic AI category in business awards
Dubai Chambers has launched an Agentic AI category under the Mohammed Bin Rashid Al Maktoum Business Award.
UAE trade deal with DR Congo takes effect
The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Democratic Republic of Congo has officially come into force, opening up new opportunities for trade and investment between the two countries.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has announced the launch of Nad Zabeel, Dubai’s future research, design, and innovation campus that aims to attract 30,000 researchers and specialists.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with global leaders in energy, technology, artificial intelligence, and investment participating in ENACT Majlis, held at the Abu Dhabi Energy Center on Sunday.
Sharjah Charity International (SCI) has airlifted 140 tonnes of aid to the Gaza Strip under its “Warm Winter for Gaza” campaign.
