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.
Abu Dhabi implements new rules for construction signboards
Abu Dhabi has announced new guidelines for construction signboards, aimed at enhancing accessibility and transparency for ongoing developments.
New succession planning system for Dubai government employees
A new succession planning system has been approved for Emirati employees within the Government of Dubai.
UAE and Brazil discuss bilateral relations
The Assistant Minister for Political Affairs, Lana Nusseibeh, conducted an official visit to Brazil over the last few days to bolster cooperation between the two countries in meetings with senior officials, think tanks, and journalists.
UAE sends two aid convoys to Gaza
Two convoys carrying various Emirati humanitarian aid entered the Gaza Strip this week via the Egyptian Rafah Crossing, bringing the total number of convoys to date to 121.
RTA confirms the completion of another road expansion
The Roads and Transport Authority has completed the development of Al Jamayel Street, a key corridor linking Sheikh Zayed Road and Sheikh Mohammed bin Zayed Road.
UAE sends 80 tonnes of aid to women in Lebanon
Two planes carrying 80 tonnes of humanitarian supplies have arrived in Beirut, marking the second contribution from Her Highness Sheikha Fatima bint Mubarak, the Mother of the Nation.
Dubai Police finalise security plans for New Year’s Eve
Dubai Police have conducted their first planning meeting for the upcoming New Year’s Eve celebrations at Burj Khalifa.
UAE and WHO strengthen health partnership
The United Arab Emirates has taken another step in solidifying its role as a key player in global health with the signing of two major agreements with the World Health Organisation.
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