In April, Sharjah Police thwarted a major drug plot aimed at selling three million Captagon pills and 120kg of hashish with a combined value of Dh23.5m. Photo: Sharjah Police
In April, Sharjah Police thwarted a major drug plot aimed at selling three million Captagon pills and 120kg of hashish with a combined value of Dh23.5m. Photo: Sharjah Police
In April, Sharjah Police thwarted a major drug plot aimed at selling three million Captagon pills and 120kg of hashish with a combined value of Dh23.5m. Photo: Sharjah Police
In April, Sharjah Police thwarted a major drug plot aimed at selling three million Captagon pills and 120kg of hashish with a combined value of Dh23.5m. Photo: Sharjah Police

Thirty tonnes of narcotics and 11,988 traffickers halted in UAE last year


Salam Al Amir
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Law enforcement officers in the UAE arrested 11,988 suspected traffickers in 2023 as they continue the "relentless fight against drugs".

Releasing the statistics, the Ministry of Interior said more than 29.7 tonnes of drugs were seized and 8,300 drug-related reports were filed during the same period.

It was in 2023 that the Dubai Police thwarted an attempt to smuggle more than 13 tonnes of Captagon worth Dh3.87 billion ($1.05 billion) inside about 600 door panels and other items.

Sharjah Police reported a 24 per cent increase in drug seizures last year compared to 2022, confiscating narcotics valued at more than Dh115.3 million ($31.4 million).

Blocking illegal websites

A total of 2,397 websites were also blocked last year after they were found to sell and promote illegal substances.

Earlier in March, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, announced how the Digital Quality of Life Council worked with social media companies to shut 160,000 websites and social media accounts for selling drugs and illicit substances.

The time period for the closures were not disclosed but Sheikh Mohammed highlighted how the "council, in collaboration with various social media platforms, [had] successfully eliminated over 160,000 websites and accounts that targeted our youth".

It was in 2022 that Dubai Police teamed up with the UAE's telecoms regulator to block nearly 1,300 social media accounts and websites promoting illegal drugs.

They also made 100 arrests during an operation in 2021 focused on criminals leading a WhatsApp “drug delivery service”.

Brigadier Saeed Abdullah Al Suwaidi, director general of Federal Narcotics Control at the Ministry of Interior, said the UAE's "robust and qualified system" has contributed to dismantling drug trafficking networks in the country and abroad.

“Last year, we co-operated with over 30 countries on several cases, follow-ups, and information regarding drug trafficking and psychotropic substances,” he said.

“This collaboration resulted in the seizure of 4.4 tonnes of drugs outside the UAE, based on information provided by the UAE.”

Major General Maktoum Ali Al Sharifi, director general of Abu Dhabi Police, said a holistic approach is necessary to tackle drugs abuse, with families placed as "the first line of defence".

“The role of the family is crucial in building a society and guiding young people from falling prey to addiction.

“It’s important to detect early signs of drug use and to reintegrate recovered patients into society with continuous support services.”

The UAE government and police forces have launched several initiatives over the past few years to provide a lifeline to people battling drug addiction who want to turn their lives around.

Col Mohamed Al Mansoori of Abu Dhabi Police said vigilance in the family was important “because it is easier to prevent an addiction than get treated for it”.

“We don’t ask that you spy on your kids but get to know them and their friends, what their interests and hobbies are. The fight against drugs is a collaborative effort.

“We can’t enter each and every home, but we are here to support you around the clock.”

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Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Updated: June 28, 2024, 12:33 PM