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 expresses condolences to Philippines over typhoon victims
The UAE has expressed its sincere condolences and solidarity with the Philippines following the floods and heavy rains caused by Typhoon Kalmaegi that killed at least 66 people.
UAE leaders offer condolences on death of former US VP Dick Cheney
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led the messages of condolences sent to the family of Dick Cheney, former Vice President of the United States, who died on Monday.
UAE underscores importance of Thailand-Cambodia peace deal
The UAE has called the peace deal between Thailand and Cambodia a significant step towards strengthening security and stability in Southeast Asia.
H.H. Sheikh Mansour launches programme to train 100 AI experts
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, has launched the 'UAE Experts in Artificial Intelligence Programme' to train 100 AI experts over the next five years.
1:00pm - 4:00pm
4:00pm - 7:00pm
