Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Police bust cocaine ‘super-cartel’ in Dubai, Europe: Europol

Dutch prosecutors said they would request the extradition of the suspects from the United Arab Emirates.
  • The EU's policy agency said the huge international operation seized 30 tonnes of the drug and also involved arrests in France, Spain, Belgium and the Netherlands
  • Europol said Dubai had arrested two "high-value" suspects who are linked to the Netherlands, another two linked to Spain and two more connected to France

The Hague, Netherlands—Police have dismantled a huge drugs “super-cartel” that controlled a third of Europe’s cocaine trade, arresting 49 people in various countries including six top suspects in Dubai, Europol said Monday.

The huge international operation seized 30 tonnes of the drug and also involved arrests in France, Spain, Belgium and the Netherlands, the EU’s police agency said in a statement.

“The drugpins considered as high-value targets by Europol had come together to form what was known as a ‘super cartel’ which controlled around one third of the cocaine trade in Europe,” Europol said.

“The scale of cocaine importation into Europe under the suspects’ control and command was massive and over 30 tonnes of drugs were seized by law enforcement over the course of the investigations.”

Europol said Dubai had arrested two “high-value” suspects who are linked to the Netherlands, another two linked to Spain and two more connected to France.

“One of the Dutch suspects is an extremely big fish,” a Europol source told AFP on condition of anonymity.

Thirteen people were arrested in Spain, six in France and 10 in Belgium, while 14 people were arrested in 2021 in the Netherlands as part of the same operation, it said.

Dutch prosecutors said they would request the extradition of the suspects from the United Arab Emirates.

One of the suspects was a 37-year-old man with dual Dutch and Moroccan nationality, who was held for allegedly importing thousands of kilos of cocaine into the Netherlands in 2020 and 2021.

“These are serious criminal offences pertaining to international drug trafficking, mainly from South America via the ports of Antwerp and Rotterdam,” the Dutch public prosecution service said in a statement.

The other was a 40-year-old dual Dutch-Bosnian national, it said.