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 condemns Israeli minister's storming of Al-Aqsa mosque
The UAE has strongly condemned the storming of Al-Aqsa Mosque by Itamar Ben-Gvir, Israel’s Minister of National Security, under the protection of Israeli police, calling it a provocative and extremist act.
MOHRE to host New Year’s Eve celebrations for workers across the UAE
The Ministry of Human Resources and Emiratisation (MOHRE) has announced plans to organise a series of New Year’s Eve celebrations for workers across the UAE, under the theme "Happy Workers, Thriving Business".
Dubai Free Zones council highlights 2024 achievements and future plans
The Dubai Free Zones Council (DFZC) has confirmed that the performance of Dubai's free zones in 2024 is a result of their ongoing commitment to economic diversification, aligning with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.
UAE leaders condole Azerbaijan over victims of air crash
President His Highness Sheikh Mohamed bin Zayed Al Nahyan and other Emirati leaders expressed solidarity with Azerbaijan over the Azerbaijan Airlines plane crash in Kazakhstan, which killed and injured dozens.
Travel time in Dubai's Nad Al Sheba cut by up to 60%
Dubai’s Roads and Transport Authority (RTA) has completed a series of traffic improvements in the Nad Al Sheba area, designed to boost road efficiency and ease congestion.
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The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
