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 and Kazakhstan expand cooperation in transport, energy and AI
The UAE has signed a trilateral agreement with Kazakhstan and Uzbekistan to support development of the Central Asia-South Asia railway project.
UAE probe reveals flydubai co-pilot attempted terrorist act
UAE Attorney-General Dr. Hamad Saif Al Shamsi said investigations into the incident aboard flydubai flight FZ1073 revealed that the co-pilot attempted to carry out a terrorist act.
H.H. Sheikh Hamdan praises flydubai pilot for 'courage and responsibility'
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has praised flydubai pilot Capt. Smit Machchhar after his actions helped avert more serious consequences aboard flight FZ1073.
Dubai's RTA warns of traffic delays during cycling race
Dubai's Roads and Transport Authority (RTA) has advised motorists to expect traffic delays on several roads on Sunday, October 4, during the 'Proud of the UAE' cycling race.
The Sign
Ace Of Base
Without You
David Guetta and Usher
Wake Me Up When September Ends
Green Day
Midnight - 7:00am
7:00am - 11:00am
38°C
38°C
38°C
41°C
