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

120 kilos of cocaine wash up on Australian beaches over Christmas

Australian police have urged caution. (Pic New South Wales Police)
  • A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney
  • Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said

Sydney, Australia– Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260 pounds) of cocaine washed up over the Christmas period.

A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney, police said.

Since then, another 85 packages of the same size had been spotted along about 80 kilometers (50 miles) of the New South Wales coastline, state police said.

Police urged people to report any suspicious packages, Detective Chief Superintendent Jason Weinstein said in a statement.

“Detectives and specialist police are currently combing beaches and coastlines for any outstanding packages and working behind the scenes to make sure we find and hold accountable those responsible,” said Weinstein, who is director of the state’s crime command.