Search Site

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

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.