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 welcome guests to World Governments Summit 2026
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages welcoming guests to the World Governments Summit 2026, running from February 3 - 5 under the theme ‘Shaping Future Governments’.
Dubai to launch self-driving pod network
Dubai’s Roads and Transport Authority (RTA) has unveiled an autonomous electric transit system that officials say could transform urban travel and help ease congestion across the emirate.
H.H. Sheikh Hamdan announces Museum of the Future biodiversity lab
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has announced a new Life and Biodiversity Laboratory, as part of efforts to promote conservation science and protect species from extinction.
Dubai agrees partnership to develop underground transport network
Dubai’s Roads and Transport Authority (RTA), on the sidelines of the World Governments Summit on Tuesday, signed a partnership with the US-based The Boring Company to begin work on a new underground passenger transport system known as the Dubai Loop.
Hazza bin Zayed reviews plans for cultural, tourism projects in Al Ain
His Highness Sheikh Hazza bin Zayed Al Nahyan, Ruler’s Representative in Al Ain Region, has reviewed key cultural and tourism development plans for the area, including upgrades to existing heritage sites and new leisure projects planned for the coming years.
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The legendary Craig David joins The Kris Fade Show for an unforgettable chat!
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S.N.E joins The Fusion with Eddie for an unforgettable episode! 🔥
It arrived: The UAE's First Mega Music Festival at Expo City Dubai!
