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.
H.H. Sheikh Mohammed launches annual government challenge
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched an annual government challenge that will encourage federal employees to "innovate bold new solutions that create a real impact".
UAE to celebrate Flag Day on Tuesday
The UAE will mark Flag Day at 11:00 am on Tuesday with official celebrations at ministries, government entities, schools, universities, homes and buildings across the country.
H.H. Sheikh Mohammed unveils Dubai research campus 'Nad Zabeel'
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the launch of Nad Zabeel, Dubai’s future research, design and innovation campus that aims to attract 30,000 researchers and specialists.
UAE strongly condemns attack on Qatari gas tanker in Arabian Gulf
The UAE has strongly condemned the attack targeting the Qatari-owned liquefied natural gas (LNG) tanker Al Mayeda in the Arabian Gulf.
H.H. Sheikh Khaled meets global leaders in energy, AI at Abu Dhabi's ENACT Majlis
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with global leaders in energy, technology, artificial intelligence, and investment participating in ENACT Majlis, held at the Abu Dhabi Energy Center on Sunday.
2:00pm - 6:00pm
Brent Black has the biggest stories of the day and the stuff you might have missed.
Watermelon Sugar
Harry Styles
So Easy (To Fall In Love)
Olivia Dean
Shut Up And Dance
Walk The Moon