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.
Dubai welcomes over 629,000 travellers during Eid holiday
Dubai recorded a busy Eid Al-Adha holiday, with over 629,000 travellers passing through its entry and exit points between June 5 and 8.
Sheikh Abdullah meets US counterpart in Washington DC
Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, held talks with US Secretary of State, Marco Rubio, during a working visit to Washington DC.
UAE condemns attack on military site in Chad
The UAE on Wednesday condemned the "terrorist" attack that targeted a military site in Chad, which resulted in the deaths of a number of soldiers.
UAE President holds talks with Qatar's Prime Minister
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held talks with Qatar's Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, at Qasr Al Bahr in Abu Dhabi.
UAE astronomers detect exoplanets orbiting distant stars
Astronomers in the UAE have detected exoplanets orbiting stars far beyond the solar system, the Abu Dhabi-based International Astronomy Centre announced.
Emirati awarded Australian military honour for first time
Australia has awarded UAE Staff Major General (Ret.) Mubarak Ali Al Neyadi with the Australian Military Medal, making him the first Emirati to receive the honour.
UAE looks to boost child welfare awareness in state institutions
The UAE has ramped up its efforts to ensure child protection mechanisms adhere to international standards by improving awareness and training within institutions.
Over 7.5 million riders use Dubai public transport during Eid
Dubai’s Roads and Transport Authority (RTA) has reported a sharp rise in public transport usage during the Eid Al-Adha holiday.
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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! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
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! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
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! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
