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 offers condolences to Jordanian King over church attack
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has offered his sincere condolences to Jordanian King Abdullah II bin Al Hussein in a phone call on Saturday over the victims of an attack targeting a church in Karak governorate.
Ras Al Khaimah closes all beaches 'until further notice'
Ras Al Khaimah authorities have announced the closure of all beaches across the emirate until further notice.
H.H. Sheikh Hamdan names FIX's popular 'Dubai Chocolate' for Dubai-it award
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has presented the Dubai-it Award in the business category to FIX Dessert for "introducing 'Dubai Chocolate' to the world".
Abu Dhabi Crown Prince meets Emirati military students in Greece
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with Emirati military students at the Technical Training & Qualification Centre in Greece during his official visit to the country.
Young Arab readers to be celebrated on October 29: H.H. Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced that young Arab readers from around the world will be "celebrated" on October 29 for the crowning ceremony of the Arab Reading Challenge.
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Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need
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!
