Bloomberg Target Corp tumbled after posting holiday sales that were below its own expectations and slashing its fourth-quarter sales outlook, delivering a warning sign for the entire retail sector that tougher times lie ahead. Comparable sales — a key barometre of retail performance — rose 1.4% in the November-December period, far less than last year’s 5.7% growth. Target plans to ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on Tuesday announced during the second Dubai Council’s meeting, that a new district under the name of ‘Dubai Future District’ dedicated to the new economy will take shape in Dubai. The Dubai Future District will see Dubai World ...

ABU DHABI / WAM Abdullah Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and Manlio di Stefano, Deputy Minister of Foreign Affairs of Italy, discussed the economic and commercial cooperation between the UAE and Italy. During their meeting, held at the headquarters of the ministry in Dubai, both sides discussed ways of widening the scope of ...