Bloomberg The owner of Sears and Kmart is closing almost a third of its remaining stores just months after buying the struggling retailer out of bankruptcy. Transform Holdco LLC’s shutdown of 96 locations will leave just 182 outlets for the company, which was once America’s biggest department store chain. The merchant “has faced a difficult retail environment and other challenges” ...

ABU DHABi / WAM Dr Anwar Gargash, Minister of State for Foreign Affairs and International Cooperation, addressed the sixth annual Abu Dhabi Strategic Debate, hosted by the Emirates Policy Centre. In his speech, Dr Gargash reviewed regional developments and expressed optimism regarding the potential for significant progress over the next year, noting, “We have reached critical junctures in major conflicts ...

DUBAI / Emirates Business Emaar Properties recorded a revenue of AED17.644 billion and net profit of AED4.442 billion in the first nine months of 2019, led by resilient performance of the property, malls and hospitality business. Emaar recorded robust increase in net profit by 20 percent during the third quarter (July to September) of 2019 to AED1.331 billion ($362 million), ...