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.
Funeral prayer for Sheikh Ahmed bin Rashid to be held on Tuesday
The funeral prayer for the late Sheikh Ahmed bin Rashid Al Maktoum will be held at 1:00 p.m. on Tuesday at Za'abeel Grand Mosque in Dubai.
Sheikh Ahmed bin Rashid Al Maktoum passes away; 10-day mourning in Dubai
Sheikh Ahmed bin Rashid Al Maktoum has passed away on Monday, with the Court of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, declaring a 10-day mourning in the Emirate.
Abu Dhabi to host UN congress on crime and criminal justice
The UAE is preparing to host the 15th United Nations Congress on Crime Prevention and Criminal Justice in Abu Dhabi, bringing together governments and justice experts to address emerging and cross-border crime.
Abu Dhabi strengthens greenhouse gas emissions monitoring
Abu Dhabi has introduced a new system to measure, report and verify greenhouse gas emissions across key sectors.
Midnight - 1:00am
1:00am - 6:00am
