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, Slovakia discuss bilateral relations in Bratislava meeting
The UAE and Slovakia have discussed bilateral relations and opportunities to expand their partnership in key areas such as the economy, renewable energy and advanced technologies.
Emirati mountaineer becomes youngest Arab to climb over 7,000 metres
Emirati mountaineer Fatima Abdulrahman Al Awadhi, 19, has become the youngest Arab to reach an elevation of over 7,000 metres and summit Lenin Peak.
UAE stands in solidarity with Japan after deadly earthquake
The UAE has expressed solidarity with Japan after a 7.1-magnitude earthquake shook its southern region on Tuesday, killing at least 13 people, knocking out power to thousands of homes and rupturing roads across the region.
UAE Floating Hospital fits 51 prosthetic limbs for Palestinian amputees
The United Arab Emirates Floating Hospital in Al Arish, Egypt has successfully fitted prosthetic limbs for 51 Palestinian amputees as part of 'Operation Chivalrous Knight 3'.
UAE discusses digital governance, content safety with Meta
The UAE has discussed ways to strengthen their strategic partnership with Meta in terms of digital governance and content safety in a meeting in London.
2:00pm - 6:00pm
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