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 strongly condemns terrorist attack on Kuwaiti border posts
The United Arab Emirates condemned in the strongest terms the terrorist attack that targeted two northern border posts in the State of Kuwait using two explosive-laden drones launched from the Republic of Iraq.
UAE, Russia discuss bilateral relations and regional challenges
Sheikh Abdullah bin Zayed Al Nahyan, United Arab Emirates Deputy Prime Minister and Minister of Foreign Affairs, received a phone call from Sergey Lavrov, Russian Minister of Foreign Affairs.
Etihad Rail marks milestone by transporting first freight of Nissan cars
Etihad Rail has marked a milestone by transporting the first consignment of Nissan cars from ports on the Eastern Coast in Fujairah to the dry port at the Industrial City of Abu Dhabi (ICAD), marking a new chapter in how goods travel across the country.
UAE mediation results in release of 386 prisoners from Russia and Ukraine
The United Arab Emirates announced on Friday the success of mediation efforts it undertook between Russia and Ukraine, exchanging 193 prisoners from either side, 386 in total.
UAE sends more food supplies to Gaza as part of Humaid Air Bridge
The United Arab Emirates have sent a relief plane carrying more than 100 tons of aid and basic food supplies to the Gaza strip.
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Passionate about sport? Then this is where you belong. Tom Urquhart, Chris McHardy and Robbie Greenfield are joined by an elite team of guests each week to look at all the sporting highlights of the weekend.
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!
