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, Jordan sign agreement for $2.3 billion Aqaba rail network
The UAE and Jordan have signed an agreement to launch a 360km railway project linking Aqaba Port to main mining areas in Al Shidiya and Ghor Al Safi at a value of $2.3 billion.
Sheikh Mansour, Iranian Parliament Speaker discuss regional de-escalation
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, has held a phone discussion with Mohammad Baqer Qalibaf, Iran's Speaker of the Parliament.
Sharjah private schools, nurseries staff resume in-person work
The Sharjah Private Education Authority (SPEA) have announced that administrative and teaching staff in private schools and nurseries across the emirate will resume work on Wednesday, April 15.
Dubai and Sharjah early childhood centres set for gradual re-opening
Private early childhood centres in Dubai and Sharjah are set for a gradual return to on-site learning from Thursday April 16, starting with those in government premises and commercial buildings, subject to prior approval.
UAE President, European Council chief discuss regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received the President of the European Council, António Costa, who is visiting the country as part of a regional tour.
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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?
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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!
