Geostrategy

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

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)
By TRENDS Desk AFP
January 2, 2023 10:20 pm
  • 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.

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…