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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

$13-million consignment among Dubai Customs’ 398 drug seizures in 2021 Q1

    • 1118 seizures made in 2020 at different entry points in Dubai

    • Punishment for possession of drugs range from 4 years in prison to death

    Dubai Customs announced on Saturday, June 26, that it made 398 seizures during the first quarter of 2021, said local reports.

    The announcement came as the emirate joined the world in marking the International Day Against Drug Abuse and Illicit Trafficking on Saturday.

    Dubai Customs did not give any specifics on the total quantity or market value of all the narcotics seized during this time.

    However, Dubai Customs’ Customs Inspection Division Executive Director Abdullah Busnad was quoted by the reports as saying that in one recent instance, the street value of a consignment of drugs seized was AED47.5 million (nearly $13 million).

    He also said the consignment contained 30.15 kg of crystal methamphetamine and 46.16 kg of cannabis.

    The reports also said the Sea Customs Centres Management made six seizures, the Inland Customs Centres Management made 35 seizures, and the Passenger Operations Department made 131 seizures, and the Air Cargo Centres Management made 226 seizures.

    In 2020, the government department reportedly made 1,118 seizures through different entry points in Dubai.

    The UAE has a zero-tolerance policy on drugs, with punishments ranging from a four-year prison sentence for possession of even small amounts of narcotics, to the death penalty.

    The country is, however, seen as a gateway to the rest of the world by smugglers operating out of South-West Asian drug-producing countries.