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.
UAE to begin lifting drone-use restrictions
The UAE has announced restrictions on drone activities will be lifted in phases on November 25, beginning with licenses for companies and government agencies.
Dubai Police warn residents of scam calls
Dubai Police have warned against calls from scammers asking for financial details, reminding residents official institutions will never request this information over the phone.
UAE President welcomes Indonesian counterpart
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received President Prabowo Subianto of Indonesia at his official reception ceremony in Qasr Al Watan on Saturday.
Indonesian President arrives in UAE on state visit
His Excellency President Prabowo Subianto of Indonesia arrived in Abu Dhabi on Saturday on an official state visit to the United Arab Emirates.
The UAE has announced restrictions on drone activities will be lifted in phases on November 25, beginning with licenses for companies and government agencies.
Dubai Police have warned against calls from scammers asking for financial details, reminding residents official institutions will never request this information over the phone.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan received President Prabowo Subianto of Indonesia at his official reception ceremony in Qasr Al Watan on Saturday.
