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 begins implementing limits on salt, sugar and fat in food items
The UAE's Ministry of Health and Prevention (MoHAP) has begun implementing a new resolution that sets caps on sodium, sugar and fat levels in selected food products.
Dubai arrests 2 suspects in AED11.8 million phone scam
Two individuals have been arrested in Dubai for posing as employees of official and international entities and defrauding several residents in a phone scam that totalled AED 11.8 million.
UAE condemns attack on WFP aid convoy in Sudan
The UAE has strongly condemned an aerial attack on two World Food Programme-contracted trucks carrying food supplies between Dilling and Kadugli in Sudan's South Kordofan State.
UAE becomes first Arab state to join Scientific Committee on Antarctic Research
The UAE has joined the Scientific Committee on Antarctic Research (SCAR) as an associate member, becoming the first Arab state to join the international body in its 68-year history.
UAE President, Jordanian King discuss boosting ties during call
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has discussed enhancing cooperation in key sectors during a call with Jordanian King Abdullah II bin Al-Hussein on Tuesday.
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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!
