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 holds military funeral for two servicemen martyred during training
A military funeral has been held for Major Abdullah Shams Al Menhaly and Warrant Officer Saeed Abdullah Al Shamsi, who were martyred while carrying out a training mission in the UAE on Monday.
UAE President receives Albania's highest state honour
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has been awarded Albania’s highest state honour, the Grand Star of the Supreme Order of the Eagle, in recognition of his role in strengthening UAE-Albania ties.
H.H. Sheikh Mohammed tours Arabian Travel Market
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has visited the 33rd edition of Arabian Travel Market at Dubai World Trade Centre, where he reviewed the latest developments shaping the future of global travel and tourism.
H.H. Sheikh Hamdan highlights Dubai’s role in shaping future of tourism
Dubai will continue to play a key role in shaping the future of global travel and tourism, guided by innovation, strong partnerships and an ambitious vision.
