The UAE's market regulator has formed a forensic audit committee to review Drake and Scull.
It's after the company’s current management blamed its previous management and Board of Directors for losses of AED 5 billion incurred in 2018.
The company had filed an official complaint with the UAE Securities and Commodities Authority to pursue action against members of the previous executive management.
They said it was done to protect shareholders’ rights.
Presidents of UAE, China witness exchange of agreements
The UAE and China have signed several agreements and MoUs to expand cooperation in various sectors.
UAE ministry warns against promoting e-cigarettes
The UAE's Ministry of Health and Prevention (MoHAP) has warned against the promotion of electronic smoking products as safer alternatives to traditional cigarettes.
UAE, China Presidents discuss longstanding ties
The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Chinese President Xi Jinping have discussed opportunities to enhance cooperation within the framework of the Comprehensive Strategic Partnership between the two nations.
ERC provides support for Lebanese health sector
The Emirates Red Crescent (ERC) has provided medical supplies to support the healthcare sector in Lebanon, as part of its ongoing humanitarian projects in the country.
Official reception ceremony welcomes UAE President to China
An official reception ceremony has been held in Beijing for the UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who is on a state visit to China.
6:00am - 10:00am
The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
10:00am - 1:00pm
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Dubai Duty Free executive vice chairman and CEO, Colm McLoughlin, announced that he will be stepping down from his role after 55 years in the travel retail industry and 41 years of leadership at Dubai Duty Free. Colm joined the Business Breakfast to reflect on his epic career.
78% of AI users are now bringing their own AI tools to work, but what does this mean for employers? Zubin Chagpar, Senior Director and Business Group Leader, Modern Work and Surface Devices, Microsoft CEMA tells us more.
ADNOC Drilling's CFO, Youssef Salem, Chief Financial Officer, gives us insight into their 26% rise in Q1 net profit.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
