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 President posts special message on Lunar New Year
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has wished those celebrating Lunar New Year in the UAE and worldwide "peace, prosperity and happiness" in a special message posted on social media.
New UAE, Bahrain fast-track travel system takes off
The UAE has announced the launch of the pilot phase of the 'One-Point Air Travellers' project with Bahrain, aimed at making travel faster and more convenient for citizens of both countries.
Dubai adjusts paid parking, Salik hours for Ramadan
Paid parking zones in Dubai will operate on a two-shift system from Monday to Saturday during Ramadan.
Dubai's Al Jalila Foundation unveils cancer support fund
Dubai has launched a new cancer fund to support patients undergoing treatment and help ease their financial burden.
Dubai Police crowned champions of UAE Rescue Challenge
Dubai Police have been crowned the champions of the UAE Rescue Challenge after securing first place in both the Road Accident and Trauma challenges on Monday at the training city in Al Ruwayyah.
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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!
