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.
Trump welcomes UAE's exit from OPEC
US President Donald Trump has welcomed the UAE's decision to exit OPEC, telling reporters on Wednesday that he thinks the move could help lower oil prices.
UAE President congratulates Iraq’s Prime Minister-designate in phone call
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has congratulated Ali Al Zaidi on his designation to form a new government in Iraq during a phone call on Wednesday.
അന്താരാഷ്ട്ര മയക്കുമരുന്ന് സംഘത്തെ പിടികൂടി യുഎഇ ദേശീയ മയക്കുമരുന്ന് വിരുദ്ധ അതോറിറ്റി
ദുബായ് പോലീസ്, ഷാർജ പോലീസ്, ബഹ്റൈനിലെ അധികാരികൾ എന്നിവരുമായി ഒരു മാസം നീണ്ടുനിന്ന സംയുക്ത ഓപ്പറേഷനുശേഷമാണ് ക്രിമിനൽ സംഘത്തെ പിടികൂടിയത്.
Dubai Police spearhead global fraud crackdown
Dubai Police have led a major international operation targeting transnational financial crime, resulting in the arrest of 276 suspects and the dismantling of nine criminal centres linked to investment fraud and virtual currency scams.
UAE launches National Register of Modern Heritage
The UAE has launched a National Register of Modern Heritage as part of wider efforts to preserve cultural landmarks and strengthen Emirati identity across future generations.
മുഹമ്മദ് ബിൻ സായിദ് സിറ്റിയിൽ പെയ്ഡ് പാർക്കിംഗ് സോണുകൾ
മെയ് 6 മുതൽ മുഹമ്മദ് ബിൻ സായിദ് സിറ്റിയിലെ പുതിയ വാണിജ്യ മേഖലകളായ ME9, ME12 എന്നിവിടങ്ങളിൽ സ്റ്റാൻഡേർഡ് പാർക്കിംഗിനായി വാഹനമോടിക്കുന്നവർ മണിക്കൂറിന് 2 ദിർഹം വീതം
UAE leaders hold talks with Bahrain King
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with King Hamad bin Isa Al Khalifa of Bahrain on Wednesday, in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court.
UAE's National Anti-Narcotics Authority busts international drug gang
The UAE’s National Anti-Narcotics Authority has announced the dismantling of a criminal gang involved in drug trafficking and distribution, following a month-long joint operation with Dubai Police, Sharjah Police and authorities in Bahrain.
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