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, Russian Presidents hold talks in Moscow
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Russian President Vladimir Putin held talks in Moscow aimed at strengthening the strategic partnership between the UAE and Russia and expanding cooperation across key sectors.
H.H. Sheikh Hamdan attends UAE-Kuwait Media Forum
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and the UAE's Deputy Prime Minister and Defence Minister, attended the UAE-Kuwait Media Forum on Thursday.
High‑level UAE–Kuwait meeting reaffirms fraternal ties
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has chaired the sixth session of the UAE-Kuwait Joint Higher Committee during a working visit to Kuwait.
Dubai celebrates excellence in delivery services
The Roads and Transport Authority, in coordination with Dubai Police, has honoured delivery companies and bike riders as part of the second edition of the Delivery Sector Excellence Award.
Dubai Emiratisation Forum highlights investment in national talent
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council, attended the opening of the Dubai Emiratisation Forum on Thursday.
10:00am - 11:00am
Starting Up is back, with a fresh new edition in a brand-new timeslot every Tuesday from 10am-11am.
11:00am - 1:00pm
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!
