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.
UAE joins US-led Pax Silica initiative to bolster technology supply chain
The UAE has joined the US-led Pax Silica initiative that seeks to secure the AI and semiconductor supply chain, following the signing of a declaration at the Zayed National Museum in Abu Dhabi on Wednesday.
H.H. Sheikh Hamdan hails Dubai Chamber of Commerce growth milestone
Dubai’s economic momentum continues to surge, with the Dubai Chamber of Commerce announcing strong growth figures for 2025.
Netflix prepares all-cash offer for Warner Bros, source says
Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
UAE, Nigeria sign comprehensive economic partnership agreement
The UAE and Nigeria have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step forward in trade and investment relations between the two countries.
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