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 President gifts H.H. Sheikh Mohammed photo album celebrating shared journey
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at Qasr Al Bahr in Abu Dhabi.
Dubai plans school bus pooling service to ease congestion
Dubai’s Roads and Transport Authority (RTA) will pilot a school transport pooling system in the first quarter of 2026.
UAE awards highest civilian honour to Albanian Prime Minister
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded the Order of Zayed, the country’s highest civilian honour, to Albanian Prime Minister Edi Rama, in recognition of his efforts to strengthen bilateral relations.
Henley Index: UAE passport ranks 5th globally after record rise
The UAE passport has risen to 5th place globally on the Henley Passport Index, climbing an unprecedented 57 places over the past two decades.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today welcomed His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at Qasr Al Bahr in Abu Dhabi.
Dubai’s Roads and Transport Authority (RTA) will pilot a school transport pooling system in the first quarter of 2026.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded the Order of Zayed, the country’s highest civilian honour, to Albanian Prime Minister Edi Rama, in recognition of his efforts to strengthen bilateral relations.
