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.
Over 800 arrested in UAE-led operation to fight environmental crime in Amazon basin
A UAE-led operation to tackle environmental crime in the Amazon basin has seen the arrests of 839 individuals and the seizure of harvested timber, illegal mining equipment, fuel and minerals that is valued over $280million.
Dubai expands road capacity on key traffic corridor
Dubai's Roads and Transport Authority (RTA) has completed traffic improvements on Latifa bint Hamdan Street to ease congestion and increase road capacity.
Dubai Police correctional establishments recognised for human rights excellence
Dubai's Correctional and Penal Institutions have received accreditation from the American Correctional Association (ACA) and the organisation’s top Global Eagle Award, becoming the first in the region and only the third jurisdiction worldwide to receive the honour.
Two face legal action over offensive social media broadcast
The UAE's National Media Authority has taken legal action against two individuals for violating media regulations and content standards.
A UAE-led operation to tackle environmental crime in the Amazon basin has seen the arrests of 839 individuals and the seizure of harvested timber, illegal mining equipment, fuel and minerals that is valued over $280million.
Dubai's Roads and Transport Authority (RTA) has completed traffic improvements on Latifa bint Hamdan Street to ease congestion and increase road capacity.
Dubai's Correctional and Penal Institutions have received accreditation from the American Correctional Association (ACA) and the organisation’s top Global Eagle Award, becoming the first in the region and only the third jurisdiction worldwide to receive the honour.
