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 leaders offer condolences to Brazil over tornado victims
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Sunday, sent a message of condolences to Brazil President Luiz Inácio Lula da Silva, over the victims of the tornado that hit the state of Paraná, which resulted in several deaths and injuries.
Arab Parliament praises UAE's use of AI in justice sector
Mohammed bin Ahmed Al Yammahi, President of the Arab Parliament, has praised the rapid development of the justice sector in the UAE through its artificial intelligence technologies and digital transformation within the judicial system.
UAE takes part in G20 Health Ministers meeting in South Africa
The UAE participated in the G20 Health Ministers Meeting and the G20 Joint Finance and Health Ministers Meeting, held in Polokwane, South Africa, on November 6-7, which brought together ministers and senior officials, along with representatives of several international organisations.
WHO delegation receives medical supplies at Emirati field hospital in Rafah
The Emirati field hospital in Rafah welcomed a delegation from the World Health Organisation (WHO) as part of a visit to review the UAE’s humanitarian and medical initiatives under Operation Chivalrous Knight 3, aimed at enhancing cooperation to bolster the healthcare sector in Gaza.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan, on Sunday, sent a message of condolences to Brazil President Luiz Inácio Lula da Silva, over the victims of the tornado that hit the state of Paraná, which resulted in several deaths and injuries.
Mohammed bin Ahmed Al Yammahi, President of the Arab Parliament, has praised the rapid development of the justice sector in the UAE through its artificial intelligence technologies and digital transformation within the judicial system.
The UAE participated in the G20 Health Ministers Meeting and the G20 Joint Finance and Health Ministers Meeting, held in Polokwane, South Africa, on November 6-7, which brought together ministers and senior officials, along with representatives of several international organisations.
