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.
10 million meals for Gaza in tribute to late Sheikh Ahmed bin Rashid
More than 10 million meals will be prepared for people in Gaza as part of a major humanitarian initiative honouring the legacy of the late Sheikh Ahmed bin Rashid Al Maktoum, who passed away earlier this week.
UAE announces suspension of Iranian airlines' flights
Flights operated by Iranian airlines to and from the UAE have been suspended until further notice, according to the General Civil Aviation Authority (GCAA).
H.H. Sheikh Mohammed receives condolences on passing of Sheikh Ahmed
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, continued to receive condolences at Zabeel Majlis on Wednesday following the passing of Sheikh Ahmed bin Rashid Al Maktoum.
Sheikh Abdullah meets President of Ecuador on UNGA81 sidelines
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has affirmed the UAE's keenness to deepen its partnership with Ecuador during a meeting with the country's President Daniel Noboa in New York.
Dubai Police trains school bus drivers and supervisors on student safety
Dubai Police has delivered a series of awareness workshops to 476 school bus drivers and supervisors to reinforce safety practices.
UAE welcomes US statement on Sudan peace efforts
The UAE has welcomed a United States statement supporting efforts to achieve peace in Sudan, including a call for an immediate and unconditional humanitarian truce and a commitment to a comprehensive political dialogue leading to civilian rule.
UAE among global leaders in nuclear security progress
The United Arab Emirates has made significant progress in the 2026 Nuclear Threat Initiative (NTI) Nuclear Security Index, ranking fourth out of 48 countries assessed for protecting nuclear facilities against sabotage.
Sharjah approves over AED17.8 million in debt settlement for citizens
More than AED17.8 million in debt have been settled for UAE nationals living in Sharjah.
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