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.
Drydocks World wins contract for world's largest floating LNG facility
Drydocks World, a unit of DP World, has secured a landmark contract to build the world’s largest floating liquefied natural gas (FLNG) liquefaction facility off Mexico's west coast.
UAE, Angola sign major trade deal
The UAE and Angola have taken a major step forward in strengthening economic relations.
Abu Dhabi's TAQA acquires Spanish water company GS Inima for $1.2 billion
Abu Dhabi National Energy Company (TAQA) has signed an agreement to gain full ownership of Madrid-based water company GS Inima for $1.2 billion, strengthening its position as a global low-carbon water champion.
Dubai attracts more than 2,400 content creators in 6 months
Dubai has attracted 2,415 content creators from 147 countries, with a combined following of over 2.45 billion, in six months, as the country builds itself as the global capital of content economy.
6:00am - 10:00am
Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.
The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
One of the most talked about comedians in the world takes over The Kris Fade Show. Watch the full interview here...
Every weekend Kris Fade plays the biggest tracks in the Middle East. Check out this weeks chart...
S.N.E joins The Fusion with Eddie for an unforgettable episode! 🔥
