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 condemns Israeli settler attacks in occupied West Bank
The UAE has strongly condemned attacks by Israeli settlers on villages in the occupied West Bank, calling on the Israeli government to hold those responsible accountable.
UAE expresses solidarity with France over wildfires
The UAE has expressed its solidarity with France as devastating wildfires continue to sweep across the country's southwest, forcing the evacuation of around 220,000 people and threatening the outskirts of Bordeaux.
UAE offers condolences to Syria after deadly bus crash
The UAE has expressed its condolences to Syria following the fatal bus crash on the Damascus–Deir ez-Zor highway.
UAE President, UK Prime Minister discuss bilateral relations
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has held his first talks with UK Prime Minister Andy Burnham since his appointment, with the two leaders reaffirming their commitment to strengthening relations between the UAE and the United Kingdom.
6:00am - 10:00am
10:00am - 1:00pm
