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 and Russia discuss expanding strategic cooperation
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received Russian First Deputy Prime Minister Denis Manturov during his working visit to the UAE on Tuesday.
Dubai to hold Eid Al-Adha prayers at 937 mosques
Dubai’s Islamic Affairs and Charitable Activities Department has completed preparations for Eid Al-Adha prayers at 937 mosques across the emirate.
Arafat Day is for 'forgiveness, mercy, faith': H.H. Sheikh Mohammed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has shared a special message on Tuesday describing Arafat Day as the day of "forgiveness, mercy, and completion of faith".
UAE floating hospital in Egypt treats more patients from Gaza
Two more patients from Gaza are being treated at the UAE floating hospital in Egypt's Al Arish.
UAE President waives over AED 834 million in debt for Emiratis
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 2,339 low-income, retirees across the country, totalling more than AED 834 million.
H.H. Sheikh Khaled approves AED1.54 billion in housing benefits
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has approved a housing benefits package worth AED1.54 billion for 1,074 citizens in the capital, ahead of Eid Al Adha.
UAE expands support for Gaza healthcare system
The UAE has delivered a new humanitarian aid convoy to Gaza carrying 40 tonnes of medical supplies and four ambulances to support the territory’s strained healthcare system.
UAE citizens can enjoy visa-free travel to Sri Lanka under new deal
Sri Lanka has made the UAE and 39 other countries eligible to obtain a free-of-charge tourist visas for a period of 30 days.
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Pinoy Expat Corner
What’s the difference between fishing here in the UAE compared to the Philippines?
Pinoy Expat Corner
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Pinoy Expat Corner
Who can join scuba diving? And what should you do if you encounter a shark while diving?
