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.
GCAA warns weather may disrupt flights across UAE
The General Civil Aviation Authority (GCAA) has issued a warning about "limited flight delays" across the UAE due to seasonal weather changes that could reduce visibility.
Dubai arrests 8 in fake driving licence scheme
Eight people have been arrested in Dubai for running an illegal scheme that exploits a UAE rule that allows eligible foreign driving licence holders to obtain UAE licences without the need for lessons or tests.
Minor 1.6-magnitude earthquake reported off Fujairah coast
A minor 1.6-magnitude earthquake was recorded off the coast of Fujairah's Dibba on Friday.
Abu Dhabi launches 'My Home is Safe' initiative for new house handovers
Abu Dhabi has launched a new initiative that provides a comprehensive training and guidance programme at new home handover centres, targeting parents, children and domestic workers.
Sharjah begins work on township for underprivileged in Philippines
Sharjah has started work on a township for the underprivileged in the Philippines and opened an orphanage in Mindanao Island, as the Emirate steps up efforts to help communities in need.
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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?
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!
