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 Khaled approves AED1.54 billion in housing benefits
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has approved a housing benefits package worth AED1.54 billion for 1,074 citizens in the capital, ahead of Eid Al Adha.
UAE, Saudi Arabia and allies condemn Israeli minister over flotilla detainees
The foreign ministers of the UAE, Saudi Arabia, Qatar, Jordan, Egypt, Turkey, Indonesia and Pakistan have jointly condemned Israeli National Security Minister Itamar Ben-Gvir over the treatment of detainees linked to a Gaza-bound flotilla.
UAE President joins call with Trump, regional leaders to discuss Iran peace deal
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has taken part in a joint call with leaders of the US, Bahrain, Qatar, Saudi Arabia, Jordan, Egypt, Turkey and Pakistan to discuss regional developments and efforts to advance diplomatic solutions.
UAE, UN discuss expediting access to clean water ahead of world conference
Representatives from the UAE and UN have looked into ways to expedite access to clean water and sanitation during a meeting ahead of the 2026 United Nations Water Conference.
4:00pm - 7:00pm
7:00pm - 10:00pm
