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.
World’s Coolest Winter campaign spotlights UAE entrepreneurs
The UAE has launched the sixth edition of its World’s Coolest Winter campaign, with this year themed 'Our Winter is Entrepreneurial'.
UAE set for second phase of single-use plastic ban
The UAE is set to significantly widen its ban on single-use plastics, with the second phase coming into effect on January 1, 2026.
Dubai tests drones to clean traffic signals
Dubai’s Roads and Transport Authority (RTA) has begun a pilot project using drones to clean traffic signals across the city.
UAE leaders hail 'enduring bonds of friendship' on Bahrain's National Day
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages congratulating Bahraini King Hamad bin Isa Al Khalifa on the country's national day, which falls on December 16.
UAE locally produces 3 oncology medicines to strengthen fight against cancer
Three cancer drugs will be produced in the UAE in Mubadala Bio's new facility, marking a major step in "enhancing drug security and availability of cost-effective treatment options for patients" in the country.
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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!
