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 intercepts 8 ballistic missiles, 26 drones on Tuesday
The UAE air defence systems intercepted 8 ballistic missiles and 26 drones on Tuesday, according to figures released by the Ministry of Defence.
UAE Ministry of Defence holds military funeral for nation's martyrs
The military funeral ceremony for the UAE's martyrs - Captain Saeed Al Balooshi and First Lieutenant Ali Al Taniji - took place on Tuesday.
Germany affirm solidarity with UAE after Iran attacks
His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, spoke on Tuesday with Germany President Frank-Walter Steinmeier about regional developments in light of the escalating military actions and their serious repercussions on regional and international security and stability.
Fire breaks out at Abu Dhabi oil refinery after drone attack
Abu Dhabi authorities are responding to a fire that broke out at a facility in the Ruwais Industrial Complex, caused by a drone attack.
UAE responds to another missile, drone threat on Tuesday
The UAE's Ministry of Defence announced it is continuing to intercept incoming missile and drone threats from Iran, with a second update issued on its official channels on Tuesday at 3.30pm.
UAE bans drones, light sports aircraft
The UAE General Civil Aviation Authority (GCAA) has announced the total ban on all types of drones and light sports aircraft.
ENOC announce AED5 million donation to 'Edge of Life' campaign
The Emirates National Oil Company (ENOC) has announced a contribution of AED5 million to the Edge of Life campaign.
Rain forecast for parts of UAE until March 12
The UAE weather bureau has forecast overcast skies and rainfall of varying intensities across several parts of the UAE until Thursday, March 12.
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Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Pinoy Expat Corner
What is the difference between hiking in the UAE compared to hiking in the Philippines?
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
