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 relief mission departs for flood-hit Nepal
The UAE has sent a humanitarian relief mission to Nepal to support communities affected by severe floods and landslides.
Sharjah Police arrests man accused of murdering sisters
A man has been arrested in Sharjah in connection with the murder of two sisters in a residential apartment following a dispute.
KHDA reminds Dubai private schools to follow unified academic calendar
Dubai’s Knowledge and Human Development Authority (KHDA) has reminded private schools in the emirate to adhere to the unified academic calendar for 2026-27, issued by the Ministry of Education earlier this year.
Sharjah ruler approves AED 20,000 living allowance for government staff
His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has approved monthly living allowance of AED 20,000 for 17,776 government workers and other groups from September.
More than 13,000 e-scooters seized in Dubai traffic crackdown
Dubai Police has seized 13,657 electric scooters over the past eight months for traffic violations, as part of ongoing campaigns to improve road safety.
Traffic upgrades at Dubai’s Al Qiyadah Intersection to cut peak-hour delays
Dubai’s Roads and Transport Authority (RTA) has implemented a series of traffic improvements at Al Qiyadah Intersection, aimed at easing congestion and improving traffic flow.
UAE, US Presidents review regional developments
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and US President Donald Trump have discussed developments in the Middle East and ongoing efforts to address them.
UAE thwarts cyberattacks from Iran amid regional disruptions
The UAE has foiled cyberattacks from Iran and its affiliates despite claims it lacks internet services, said Dr. Mohammed Hamad Al Kuwaiti, Chairman of the UAE Cybersecurity Council.
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Pinoy Expat Corner
Why is it important for them to preserve Ilokano culture and traditions even while living far from the Philippines?
Pinoy Expat Corner
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Pinoy Expat Corner
What is their mission and vision for Filipinas in Sharjah and across the other emirates?
