Two years later, Syrian army is a shell of what it used to be, but Al Assad remains confident


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The beginning of August marked the 68th anniversary of the founding of the Syrian army. President Bashar Al Assad marked the occasion with a letter addressed to the armed forces in which he expressed confidence of victory in what he described as "the fiercest and most barbaric war in modern history."

Commenting on the event, the Lebanese columnist Abdul Wahhab Badrakhan wrote in the pan-Arab newspaper Al Hayat: "Al Assad failed to include in his letter even one mention of the current state of the army that has had over 60 per cent of its officers and troops defect since the start of the conflict."

Mr Al Assad also failed to allude once to what he has done to the army, or to the 100,000 Syrians that have been killed since the beginning of the war. He didn't comment on the fact that one-third of his people are either displaced or immigrants.

The letter didn't say that army commanders from his sect led the oppressive campaigns at the onset of the revolution and that they had special orders to execute officers who refused to shoot at unarmed protesters.

The Syrian president didn't speak about all that, but addressed only those who chose to stay with him and fight his dirty war, Badrakhan wrote.

He reiterated his confidence in victory although he is well aware that there is no victory to be achieved.

Mr Al Assad is seeking a military victory that could pave the way to a political triumph in the proposed second Geneva summit, which has yet to be scheduled as it awaits the approval of the Syrian opposition.

The opposition is reticent to take part in a political solution that can be described as vague in terms of responding to the people's ambitions and holding the current regime accountable for its crimes against Syrians and humanity.

It is true that the opposition in Syria didn't succeed in producing a credible command or a viable alternative to the Assad regime due to decades of tyrannical rule that abolished any political initiative and crushed civil society.

The Syrian opposition can't possibly agree to another summit in Geneva under the current circumstances simply because it would be unimaginable to negotiate with a relentless murderous regime.

Washington's obvious decision to distance itself from the Syrian crisis doesn't help the opposition's case. The US is trying to avoid making any commitments towards the Syrian people.

"Two and a half years into the continuing massacre, Americans still can't wager on the opposition. The opposition, in turn, finally realised the limitations of wagering on the US. The best they can hope for at this time is that Washington doesn't strike a deal with the Russians and turn against them," Badrakhan wrote.

Suspension of National Constituent Assembly pushes Tunisia towards another uncertainty

The suspension of the National Constituent Assembly in Tunisia on Tuesday until talks start between the government and the opposition indicates that the country is heading towards a crossroads, said the columnist Amjad Arrar in the Sharjah-based daily Al Khaleej.

The decision, announced by the Constituent Assembly's president, Mustafa ben Jaafar, comes in response to mass protests that followed the assassination of Mohammed Brahmi. He is the second leading opposition figure to be killed in six months. The protests that had been growing in intensity in recent weeks, culminated in country-wide demonstrations.

The ruling Ennahda party, the Tunisian branch of the Muslim Brotherhood, saw the decision as a coup against legitimacy. In a reaction that represents an extension of the Brotherhood modus operandi, members of the Islamist party attacked the freezing of the legislature and qualified it as a conspiracy.

"This type of political behaviour aims to distort the world's view and portray the mass protests in Tunis as a mere swarm of ants that would go back to hiding soon and there is no need to respond to their demands," the writer said.

From the point of view of Islamists in power, any protesters that don't belong to the Brotherhood or the Salafist groups are saboteurs, terrorists, supporters of infidels or enemies of Islam.

In any case, the resemblance between Tunisia and Egypt at almost every level is self-explanatory, the writer suggested.

In Egypt, Brotherhood rulers ignored the calls of the majority of the people. They turned a blind eye to the people's deteriorating circumstances and it cost them power.

Their president, Mohammed Morsi, was deposed and they had to admit that the steps and decisions they took were wrong.

The same scenario seems to be unfolding in Tunisia. It is only reasonable to expect the same outcome, especially since Ennahda leaders don't seem to have learnt from the Egyptian experience.

"They didn't figure out that consecrating themselves, their policies and their decisions don't affect people who measure success and failure according to facts and outcomes, and not emotions and public speeches," Arrar said.

Accusations of takfeer and threats of flogging remind Tunisians of the type of corruption that drove them to take to the streets in December 2010 to overthrow Ben Ali's regime.

Political assassinations had been forgotten for decades until Ennahda came to power.

Two of the country's most cherished freedom fighters have been killed. The people are outraged.

* Digest compiled by Racha Makarem

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2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

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Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
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Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

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May 2017

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September 2021

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December 2024

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May 2025

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August 2025

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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.”

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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

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  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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