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's RTA opens first phase of Hessa Street upgrade
Dubai’s Roads and Transport Authority (RTA) opened phase one of the Hessa Street Development Project, extending from Al Khail Road to Sheikh Zayed Road over a length of 4.5 km.
Power outage affects shops, homes across Sharjah
Shopping malls and residential areas across Sharjah were affected by power cuts on Sunday, Sharjah Electricity and Water Authority (SEWA) has confirmed.
Educator Award winner honoured at 1 Billion Followers Summit
His Highness Sheikh Mohammed bin Rashid bin Mohammed bin Rashid has honoured the winner of the Educator Award, the first award of its kind launched by the 1 Billion Followers Summit in partnership with TikTok.
UAE leaders congratulate Sultan of Oman on accession anniversary
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to His Majesty Sultan Haitham bin Tarik of Oman on the anniversary of his accession to power.
Dubai’s Roads and Transport Authority (RTA) opened phase one of the Hessa Street Development Project, extending from Al Khail Road to Sheikh Zayed Road over a length of 4.5 km.
Shopping malls and residential areas across Sharjah were affected by power cuts on Sunday, Sharjah Electricity and Water Authority (SEWA) has confirmed.
His Highness Sheikh Mohammed bin Rashid bin Mohammed bin Rashid has honoured the winner of the Educator Award, the first award of its kind launched by the 1 Billion Followers Summit in partnership with TikTok.
