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.
'Peace is not far away' says Erdogan after Putin meeting
Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".
UAE, Serbia deepen ties with new political agreement
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.
UAE strengthens child protection measures
The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.
Zayed Giving Caravans treat children, elderly in Pakistan
UAE-backed medical teams have launched a series of humanitarian missions in rural Pakistan, providing free treatment for children and elderly patients with heart conditions.
Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".
His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.
The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.
