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.
Parkin and e& to roll out 30-minute EV charging stations in Dubai
Parkin, Dubai's largest paid parking services provider, has partnered with a subsidiary of e& to roll out 200 ultra-fast electric vehicle (EV) charging stations in the city, and reduce charging time to under 30 minutes.
Dubai Humanitarian leads tribute in honour of killed aid workers
Dubai Humanitarian on Tuesday convened a community gathering alongside some UN offices to honour the "sacrifices of humanitarian workers" and to reaffirm that aid workers must never be a target, as the globe marked World Humanitarian Day.
UAE joins efforts to extinguish Montenegro wildfires
A UAE taskforce has been dispatched to support efforts to extinguish the wildfires in Montenegro, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
Ancient Christian cross discovered in Abu Dhabi
Archeologists in Abu Dhabi discovered a Christian faith cross moulded onto a plaque that has been dated to the 7th or 8th century on Sir Bani Yas Island, as the emirate reignites efforts to unearth its history.
Scattered rainfall expected in UAE over coming days, NCM says
The UAE’s National Centre of Meteorology (NCM) has announced some scattered areas of the country are expected to experience rainfall on Wednesday and Thursday.
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The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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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.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
