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 to begin state visit to Germany on Wednesday
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan will begin a state visit to Germany on Wednesday, September 9.
H.H. Sheikh Hamdan marks 20 years leading Executive Council of Dubai
Dubai has recorded major gains in its economy, public services and quality of life over the past 20 years, with people at the centre of its development strategy.
Dubai speeds up airport procedures with 'Click & Travel'
The General Directorate of Identity and Foreigners Affairs – Dubai (GDRFA Dubai) has officially launched a mobile service designed to make entry and departure procedures at Dubai Airports faster and more flexible for travellers.
Dubai Metro’s ONPASSIVE station gets new name
Dubai Metro’s ONPASSIVE station on the Red Line is being renamed Garmin Metro Station, under a 10-year naming rights agreement.
UAE, Lebanon reaffirm commitment to stronger ties
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Lebanese counterpart Joseph Aoun have discussed bilateral ties and efforts to strengthen Lebanon’s security and stability.
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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!
