Jordan, Saudi Arabia and Morocco have all agreed to participate in the coalition. Photo: Saudi Zakat, Tax and Customs Authority
Jordan, Saudi Arabia and Morocco have all agreed to participate in the coalition. Photo: Saudi Zakat, Tax and Customs Authority
Jordan, Saudi Arabia and Morocco have all agreed to participate in the coalition. Photo: Saudi Zakat, Tax and Customs Authority
Jordan, Saudi Arabia and Morocco have all agreed to participate in the coalition. Photo: Saudi Zakat, Tax and Customs Authority

US rallies international effort to combat synthetic drug trade


Willy Lowry
  • English
  • Arabic

The US is launching a global coalition to combat the growing threat of synthetic drugs such as fentanyl and Captagon.

“Synthetic drugs represent a grave and growing risk to the health and safety of Americans and people around the world,” said US Secretary of State Antony Blinken, who will lead the first ministerial meeting of the Global Coalition to Address Synthetic Drug Threats on Friday.

Dozens of countries have been invited to join the coalition, including China, which has long been pressured to curb exports of precursor chemicals that can be used to manufacture fentanyl.

But Beijing has yet to agree to participate, said Todd Robinson, assistant secretary of state for international narcotics and law enforcement.

“We don't have any indication at the moment that they [the Chinese] are going to participate but what I would say is this is the beginning of the process and our hope is that all responsible countries will eventually participate between now and over the next year,” he told reporters on Thursday.

Fentanyl is a powerful synthetic opioid, estimated to be 50 times stronger than heroin and 100 times stronger than morphine.

It is prescribed by doctors to treat severe pain but has become a “major contributor” to overdoses in the US, according to the Centres for Disease Control and Prevention.

Synthetic opioids have become the leading cause of death among American adults under age 50.

“We believe that by combining our efforts … we can prevent the illicit manufacture and trafficking of synthetic drugs,” said Mr Robinson.

“We can identify emerging drug trends and use patterns, and we can develop global standards for healthcare responses.”

While the bulk of Friday's ministerial meeting is expected to centre on fentanyl, curbing the production and trafficking of Captagon is also expected to be on the agenda.

Jordan, Saudi Arabia and Morocco have all agreed to participate in the coalition, Mr Robinson said.

The launch of the coalition comes shortly after the State Department delivered its comprehensive strategy to Congress on how to combat the Captagon trade in the Middle East, which has been linked to the regime of Syrian President Bashar Al Assad.

With little ability to halt production within Syria, the State Department report suggested instead focusing on “disrupting the criminal networks involved in Captagon trafficking”.

As part of its strategy, the US will co-ordinate with and provide training to regional countries including Lebanon and Jordan.

  • The Captagon pills were hidden inside plastic lemons. Photo: Dubai Police
    The Captagon pills were hidden inside plastic lemons. Photo: Dubai Police
  • The shipment was then concealed in a consignment of real lemons. Photo: Dubai Police
    The shipment was then concealed in a consignment of real lemons. Photo: Dubai Police
  • The shipment had an estimated street value of $15.8 million. Photo: Dubai Police
    The shipment had an estimated street value of $15.8 million. Photo: Dubai Police
  • Dubai Customs at the Hatta border foiled an attempt to smuggle 14.5kg of Captagon into the emirate. Photo: Dubai Customs
    Dubai Customs at the Hatta border foiled an attempt to smuggle 14.5kg of Captagon into the emirate. Photo: Dubai Customs

“US counter-narcotics assistance and training programmes are designed to provide recipient countries with the tools and capabilities needed to stem regional drug trafficking and improve their national security and public health sectors,” the report said.

Captagon was created in Germany in the early 1960s and originally used to help treat children with attention-deficit/hyperactivity disorder as well as people with narcolepsy, but it was banned in most countries in 1986.

The amphetamine-like substance was used by ISIS militants on the front lines to stay awake for long stretches on the battlefield.

A highly addictive drug, it has become rampant in parts of the Middle East as authorities in the region race to crack down on what has become a multibillion-dollar illegal trade.

“It is definitely one of the most, I would say, formidable emerging trades in the region and also on a global scale, the Captagon trade is estimated to be worth at least $10 billion a year,” said Caroline Rose, director at the New Lines Institute for Strategy and Policy in Washington whose work focuses on the Captagon trade.

Last month, Jordanian security forces disrupted a smuggling attempt at the Jaber border crossing with Syria, confiscating 67 kilograms of Captagon pills. Last week, Iraqi authorities seized 250,000 pills from a school in Anbar province.

And in perhaps the biggest operation last month, Omani authorities broke up an international smuggling network, seizing more than six million pills.

Ms Rose said that meetings such as Friday's ministerial are important in the fight against the Captagon trade.

“Improved multilateral dialogue on supply and demand, interdiction strategies, intelligence-sharing, and harm reduction pathways has been sorely needed,” she told The National.

RESULT

Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')

Man of the match: Diogo Jota (Liverpool)

Dunbar
Edward St Aubyn
Hogarth

MATCH INFO

Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
South Africa squad

Faf du Plessis (captain), Hashim Amla, Temba Bavuma, Quinton de Kock (wicketkeeper), Theunis de Bruyn, AB de Villiers, Dean Elgar, Heinrich Klaasen (wicketkeeper), Keshav Maharaj, Aiden Markram, Morne Morkel, Wiaan Mulder, Lungi Ngidi, Vernon Philander and Kagiso Rabada.

RACE CARD

5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.

If you go

The flights 

Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.

The trip

The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore  offers an eight-day levada trails tour from Dh3,050, not including flights.

The hotel

There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.

 

 

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
RESULT

Fifth ODI, at Headingley

England 351/9
Pakistan 297
England win by 54 runs (win series 4-0)

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

SQUADS

South Africa:
JP Duminy (capt), Hashim Amla, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, Robbie Frylinck, Beuran Hendricks, David Miller, Mangaliso Mosehle (wkt), Dane Paterson, Aaron Phangiso, Andile Phehlukwayo, Dwaine Pretorius, Tabraiz Shamsi

Bangladesh
Shakib Al Hasan (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shafiul Islam, Soumya Sarkar, Taskin Ahmed

Fixtures
Oct 26: Bloemfontein
Oct 29: Potchefstroom

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Joe Root's Test record

Tests: 53; Innings: 98; Not outs: 11; Runs: 4,594; Best score: 254; Average: 52.80; 100s: 11; 50s: 27

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

About Takalam

Date started: early 2020

Founders: Khawla Hammad and Inas Abu Shashieh

Based: Abu Dhabi

Sector: HealthTech and wellness

Number of staff: 4

Funding to date: Bootstrapped

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FIXTURES

New Zealand v France, second Test
Saturday, 12.35pm (UAE)
Auckland, New Zealand

South Africa v Wales
Sunday, 12.40am (UAE), San Juan, Argentina

Updated: July 06, 2023, 7:58 PM