Assad thinks he can survive by confusing his neighbours


Michael Young
  • English
  • Arabic

At a conference recently in Beirut, a Syrian analyst once close to the regime of President Bashar Al Assad said something interesting about the current thinking in Damascus. He argued that Mr Al Assad and his entourage believed they were winning the conflict in Syria, because they had managed to hold on for this long and still enjoyed the support of countries such as Iran, Russia and China.

If that assessment is correct, then what we are witnessing today in the Syrian authorities' disruption of countries surrounding Syria should be familiar. Whenever the Assads have felt threatened, they have destabilised the neighbourhood to survive politically.

However, this also tells us something disturbing about the strategy of countries opposed to Al Assad rule. The United States, but also Turkey and even the Saudi and Qatari governments, have been treading relatively softly on Syria, fearing that by allowing the opposition to acquire more sophisticated weaponry they might only make the situation on the ground worse.

That may be true, but all this is doing is giving more confidence to Mr Al Assad, who in a meeting last weekend with the UN-Arab League envoy, Lakhdar Brahimi, again displayed no signs of compromise. Instead, his regime has hit out in various directions, above all against Turkey and Lebanon, in a bid to show that its fall could set the region afire. That undermines the premise that a softer approach reduces instability. In fact, it heightens the instability.

This reality extends to Iraq, where the sectarian and ethnic nature of the Syrian conflict is having repercussions all of its own. In recent weeks the country has been wracked by bomb attacks, probably the work of Sunni militants. Meanwhile, the country's Sunni vice president, Tareq Al Hashemi, was sentenced to death by a judiciary under the thumb of the Shia prime minister, Nouri Al Maliki.

Relations between Baghdad and the autonomous Kurdish areas are also at their lowest since the American invasion of 2003. The Iraqi Kurds are playing a major role in shaping the choices of Syrian Kurds, who have widespread control over a swathe of territory in north-eastern Syria. The delicate balancing act in Iraq will necessarily be shaken by outcomes in Syria, and the country's capacity to avert the worst-case scenarios have not been helped by Mr Al Maliki's divisive policies.

On the other hand in Lebanon, long considered the weakest link bordering Syria, there has been an encouraging transformation in the political mood lately. A former pro-Syrian minister, Michel Samaha, was arrested on August 9 for planning bomb attacks in northern Lebanon, the aim of which was to provoke sectarian discord. The evidence shows that Mr Samaha coordinated his efforts with General Ali Mamluk, a senior Syrian intelligence official.

This episode was a wake-up call for Lebanese officials, President Michel Suleiman and Prime Minister Najib Mikati in particular. Both men have sought to navigate a neutral path over Syria during the past year and to maintain friendly ties with the Assad regime. However, the Syrians were never truly satisfied with this, believing that those Lebanese not with Mr Al Assad were against him, regardless of how such partiality might have harmed Lebanese unity.

The Samaha plot, Syrian involvement in provoking clashes in the northern city of Tripoli, as well as continuing cross-border violations of Lebanese territory by Syria's armed forces, brought home to Mr Suleiman and Mr Mikati that Syria's leadership was manipulating Lebanese insecurity to protect itself. No one in Lebanon, including Hizbollah, wants to be dragged into a civil war on Mr Al Assad's behalf. Which is why the president and prime minister have been able to take increasingly independent positions vis-à-vis Damascus.

In Turkey the situation is more complicated. The de facto self-rule of Syria's Kurds has understandably alarmed the Erdogan government, which fears that this will encourage Turkey's own Kurdish population to demand autonomy, or more. However, there is a fresh worry as well, namely that there are many Turks located near Syrian territory who, for ethnic or religious reasons, sympathise more with Mr Al Assad than with the opposition.

That is why the Turkish authorities have started requiring that Syrians who have sought shelter in Turkish border districts either move further inland or relocate to refugee camps, where they can be better controlled. Despite expectations that Ankara would play a significant role in helping to overthrow Mr Al Assad, the fact is that Turkey's myriad vulnerabilities have been further exposed.

Indeed, the Turks, with American encouragement, have by most accounts restricted weapons flows to the Free Syrian Army. Such actions have angered the Syrian opposition without greatly advancing Turkish objectives. Ankara has irked both sides in Syria, long ago lost its ability to act as mediator, and yet appears to be hesitating to accelerate Mr Al Assad's demise in a decisive way.

To a large extent the problem is the absence of a clear strategy on Syria on the part of Mr Al Assad's foes. Whereas Iran, Russia and China all grasp that an advantageous Syrian transition for them requires that Syria's president survive politically, at least for now, the western countries, Turkey and the Arab states are pursuing contradictory goals. The Syrian regime has exacerbated their fears by showing that if it were to go, chaos would ensue in the Levant.

Mr Al Assad will pursue his border wars, with various levels of success. This may bring diminishing returns, even one day accelerate the regime's collapse. But for now Syria's leadership sees confusion among its enemies, giving it room to cause more major headaches.

Michael Young is opinion editor of The Daily Star newspaper in Beirut

On Twitter: @BeirutCalling

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Winner: Fahadd, Richard Mullen, Ahmed Al Mehairbi.

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Winner: Jaahiz, Jesus Rosales, Eric Lemartinel.

6.30pm: Al Reem Island Handicap Dh90,000 1,600m.

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Winner: Empoli, Pat Dobbs, Doug Watson.

7.30pm: Wathba Stallions Cup Handicap Dh80,000 2,200m.

Winner: Shivan OA, Patrick Cosgrave, Helal Al Alawi.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%2C%20352%20x%20430%3B%2045mm%2C%20396%20x%20484%3B%20Retina%20LTPO%20OLED%2C%20up%20to%201000%20nits%2C%20always-on%3B%20Ion-X%20glass%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S8%2C%20W3%20wireless%2C%20U1%20ultra-wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2032GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%209%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%203rd-gen%20heart%20rate%20sensor%2C%20temperature%20sensing%2C%20ECG%2C%20blood%20oxygen%2C%20workouts%2C%20fall%2Fcrash%20detection%3B%20emergency%20SOS%2C%20international%20emergency%20calling%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%2C%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%208%2C%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C999%20(45mm)%3C%2Fp%3E%0A
The years Ramadan fell in May

1987

1954

1921

1888

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A