INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Half a ton of heroin seized from unflagged boat in Arabian Sea

A file picture of the contraband seized by the Abu Dhabi Police in March 2022. (WAM)
  • It seized the drugs with an estimated value of 50 million euros after its frigate Guepratte spotted the dhow on December 27.
  • Part of the illegal drugs shipment was "probably intended for the European market", said the command based in Abu Dhabi in the United Arab Emirates.

Abu Dhabi, United Arab Emirates–The French navy seized nearly half a ton of heroin and 3.5 tons of cannabis resin when it intercepted an unflagged boat in the Arabian Sea, it said Monday.

It seized the drugs with an estimated value of 50 million euros after its frigate Guepratte spotted the dhow on December 27, the Indian Ocean Maritime Command said in a statement.

Part of the illegal drugs shipment was “probably intended for the European market”, said the command based in Abu Dhabi in the United Arab Emirates.

The French ship was operating as part of the multinational mission Naval Task Force 150 aimed at strengthening regional security and combating illicit trafficking.