The Syrian opposition is looking to the UAE to help to kick-start a modern day Marshall Plan to rebuild the country's shattered economy.
Hundreds of business people from across the Emirates gathered in Dubai yesterday to hear the leader of the Syrian National Council (SNC) call on business leaders to fund a relief effort aimed initially at supplying opposition-held territory.
"The transition phase in Syria has indeed begun," George Sabra, the chairman of the SNC told business chiefs. "What we can describe as an economic Marshall Plan for Syria cannot be delayed until the current regime fully collapses."
The long-standing regime critic, who was elected to lead the SNC earlier this month, urged an audience of top industrialists, property developers and financiers to back the economic road map of the revolution.
More than 36,000 people are estimated to have been killed during the 20-month uprising against the regime of Bashar Al Assad, the Syrian president.
As many as two million homes have been destroyed across the country, which is expected to demand billions of dollars in future investment.
That is expected to involve companies from the Emirates. Economic ties between the two countries were strong even before the outbreak of war with companies such as the property developer Emaar operating in Syria.
There is also a large Syrian business community based in the Emirates that the Syrian opposition is keen to mobilise.
Osama Kadi, the general coordinator of the Syrian Economic Task Force, estimates that the country would need more than US$1 billion (Dh3.67bn) a month just to pay its vast public sector payroll, which is made up of some 1.3 million employees.
There are about 5 million Syrians displaced inside and outside the country, according to task force estimates.
"This is a historical opportunity for the business community to invest in our beloved Syria and build modern homes for Syrians while benefiting and profiting from safe, rewarding and creative investment schemes," said Mr Kadi.
Abu Faisal, a businessman involved in the construction sector, said he wishes to start up construction projects that are sustainable and will lead to job opportunities.
"We need a labour-intensive construction process that could be easily taught and repeatable. People need to work. Donor money will eventually run out. Where do you go from there?" he said.
Abu Faisal has sent cash payments for blankets for Syrians as the winter moves into full force. "But we made sure that the blankets were locally produced, to help boost jobs.
"People would much rather work, than take money handouts."
Mohamed Ayman Bashi, a board member of Syria Gulf Bank, said "oil revenues, worth billions of dollars, for years on end has not found its way back to the economy. It is not seen in the public budget. The country needs a change of guard, where accountability and transparency are the main pillars of the economy".
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RECORD BREAKER
Youngest debutant for Barcelona: 15 years and 290 days v Real Betis
Youngest La Liga starter in the 21st century: 16 years and 38 days v Cadiz
Youngest player to register an assist in La Liga in the 21st century: 16 years and 45 days v Villarreal
Youngest debutant for Spain: 16 years and 57 days v Georgia
Youngest goalscorer for Spain: 16 years and 57 days
Youngest player to score in a Euro qualifier: 16 years and 57 days
The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
Afghanistan squad
Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
Salah in numbers
€39 million: Liverpool agreed a fee, including add-ons, in the region of €39m (nearly Dh176m) to sign Salah from Roma last year. The exchange rate at the time meant that cost the Reds £34.3m - a bargain given his performances since.
13: The 25-year-old player was not a complete stranger to the Premier League when he arrived at Liverpool this summer. However, during his previous stint at Chelsea, he made just 13 Premier League appearances, seven of which were off the bench, and scored only twice.
57: It was in the 57th minute of his Liverpool bow when Salah opened his account for the Reds in the 3-3 draw with Watford back in August. The Egyptian prodded the ball over the line from close range after latching onto Roberto Firmino's attempted lob.
7: Salah's best scoring streak of the season occurred between an FA Cup tie against West Brom on January 27 and a Premier League win over Newcastle on March 3. He scored for seven games running in all competitions and struck twice against Tottenham.
3: This season Salah became the first player in Premier League history to win the player of the month award three times during a term. He was voted as the division's best player in November, February and March.
40: Salah joined Roger Hunt and Ian Rush as the only players in Liverpool's history to have scored 40 times in a single season when he headed home against Bournemouth at Anfield earlier this month.
30: The goal against Bournemouth ensured the Egyptian achieved another milestone in becoming the first African player to score 30 times across one Premier League campaign.
8: As well as his fine form in England, Salah has also scored eight times in the tournament phase of this season's Champions League. Only Real Madrid's Cristiano Ronaldo, with 15 to his credit, has found the net more often in the group stages and knockout rounds of Europe's premier club competition.
ALL THE RESULTS
Bantamweight
Siyovush Gulmomdov (TJK) bt Rey Nacionales (PHI) by decision.
Lightweight
Alexandru Chitoran (ROU) bt Hussein Fakhir Abed (SYR) by submission.
Catch 74kg
Omar Hussein (JOR) bt Tohir Zhuraev (TJK) by decision.
Strawweight (Female)
Seo Ye-dam (KOR) bt Weronika Zygmunt (POL) by decision.
Featherweight
Kaan Ofli (TUR) bt Walid Laidi (ALG) by TKO.
Lightweight
Abdulla Al Bousheiri (KUW) bt Leandro Martins (BRA) by TKO.
Welterweight
Ahmad Labban (LEB) bt Sofiane Benchohra (ALG) by TKO.
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR) no contest.
Lightweight
Mohammed Yahya (UAE) bt Glen Ranillo (PHI) by TKO round 1.
Lightweight
Alan Omer (GER) bt Aidan Aguilera (AUS) by TKO round 1.
Welterweight
Mounir Lazzez (TUN) bt Sasha Palatkinov (HKG) by TKO round 1.
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR) by KO round 1.
The view from The National
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Rooney's club record
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
Disturbing facts and figures
51% of parents in the UAE feel like they are failing within the first year of parenthood
57% vs 43% is the number of mothers versus the number of fathers who feel they’re failing
28% of parents believe social media adds to the pressure they feel to be perfect
55% of parents cannot relate to parenting images on social media
67% of parents wish there were more honest representations of parenting on social media
53% of parents admit they put on a brave face rather than being honest due to fear of judgment
Source: YouGov
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Company name: Klipit
Started: 2022
Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant
Based: Dubai, UAE
Industry: Digital receipts, finance, blockchain
Funding: $4 million
Investors: Privately/self-funded