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.
New 'SSD' service strengthens public role in national security
The UAE State Security Department has launched a new service allowing members of the public to report security concerns directly to authorities.
UAE aid ship docks in Egypt with large-scale aid for Gaza
The Saqr Humanitarian Ship has arrived at Egypt’s Al Arish Port, carrying more than 4,000 tonnes of aid for the people of Gaza.
UAE President receives German Chancellor in Abu Dhabi
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German Chancellor Friedrich Merz in Abu Dhabi to discuss ways to strengthen bilateral cooperation.
Dubai announces road closures for UAE Tour Women
Dubai's Roads and Transport Authority (RTA) are warning motorists of road closures until 4:30 pm on Friday as riders from the UAE Tour Women 2026 pass through the city.
