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.
UAE announces holiday for Hijri New Year
The UAE government has officially declared Friday, June 27, as a holiday for the public sector, marking the first day of the Islamic New Year.
UAE flights to Iran, Israel continue to face disruptions
UAE airlines continue to face disruptions to passenger services to Iran, Israel, Iraq and Syria "due to airspace closures and ongoing regional situation".
Sharjah Police seize AED19 million worth of drugs hidden underground
In a major anti-drug operation codenamed 'Bottom of Darkness', Sharjah Police have seized over 3.5 million Captagon pills, worth more than AED 19 million.
UAE President discusses regional developments with leaders of UK, Cyprus
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan held separate calls with UK Prime Minister Keir Starmer and President of Cyprus Nikos Christodoulides over intensifying efforts to de-escalate tensions between Iran and Israel.
Dubai announces flexible work hours for some employees during summer
Dubai has announced flexible working hours for government employees from July 1 to September 12, under the ‘Our Flexible Summer’ initiative.
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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!
