Smoke rises over damaged buildings in the opposition-held southern Syrian enclave of Deraa, in this handout released by Sana on August 31, 2021. Reuters
Smoke rises over damaged buildings in the opposition-held southern Syrian enclave of Deraa, in this handout released by Sana on August 31, 2021. Reuters
Smoke rises over damaged buildings in the opposition-held southern Syrian enclave of Deraa, in this handout released by Sana on August 31, 2021. Reuters
Smoke rises over damaged buildings in the opposition-held southern Syrian enclave of Deraa, in this handout released by Sana on August 31, 2021. Reuters

Rebels in Syria's Deraa partly surrender under Russian pressure


Khaled Yacoub Oweis
  • English
  • Arabic

A rebel pocket at the heart of resistance to Syrian President Bashar Al Assad's regime partly surrendered to loyalist forces on Monday, opposition sources said.

The Russian-supervised surrender of dozens of fighters in Deraa Al Balad came after the regime hit the district with hundreds of rockets in the past 24 hours, and following pressure by Moscow on the besieged enclave to give in.

“Rebels who handed themselves in today are the least complicated part of the story in Deraa Al Balad,” said a Syrian military defector in Amman, who is in contact with the enclave.

“You still have core fighters refusing to surrender and those who insist on a limited military presence for the regime,” he said.

Deraa Al Balad and other opposition areas near the border with Jordan have had self-governance for most of the past decade, although Russian fire power restored the regime to the area three years ago.

A surrender deal Russia repeatedly offered an estimated several hundred fighters in Deraa Al Balad since the end of July would do away with this model.

It stipulates reinstalling Assad's military and security apparatus, which underpin the Alawite-dominated regime in the district. Syria is majority Sunni Muslim.

The leeway Russia had given the opposition in Deraa, diplomats in Jordan says, has been part of Russian attempts to convince international donors to pour reconstruction funds into regime areas.

Foreign donors have largely kept away from directly helping the regime rebuild. But UN aid agencies operate in regime areas.

Moscow has lifted major curbs it had imposed on the iron grip of the regime in southern Syria this year. Diplomats and opposition sources in Amman attributed the more hardline position by Moscow to a perceived weakening to the US position in the Middle East.

But it is still seen as keen to avoid mass population expulsions from southern Syria, although at least 50 people died in regime attacks last month on Deraa Al Balad and other areas in the south, opposition figures in Jordan said.

About 38,000 civilians fled Deraa Al Balad in the last month to areas near Russian positions around the city of Deraa.

Nearly half of the population of the rebel-held Deraa al Balad district have fled heavy shelling and ground battles, but the UN warns that remaining civilians are cut off with dwindling supplies. AFP
Nearly half of the population of the rebel-held Deraa al Balad district have fled heavy shelling and ground battles, but the UN warns that remaining civilians are cut off with dwindling supplies. AFP

They have not been expelled collectively to areas near Turkey, like other civilians in former rebel areas where Russian military intervention restored the regime since 2015.

The official Syrian news agency said “dozens of armed men in Deraa Al Balad this morning started to settle their status and hand over their weapons”.

The agency said the deal aimed at “removing the terrorists and settling the status of the armed men,” meaning a promise by the regime not to persecute them.

Regime forces, supported by pro-Iranian Hezbollah-linked militia, hit the enclave with at least 400 rockets on Sunday, residents and opposition figures said.

It was the heaviest barrage in a decade against Deraa, where pro-democracy demonstrations broke out in March 2011.

The protests in Deraa Al Balad and adjacent countryside marked the outbreak of the revolt against five decades of Assad family rule.

Deraa 24, a network of citizen journalists, published photos of a Russian troop carrier and Russian military personnel entering on Sunday.

Opposition sources in Amman said members of the regime's 15th army brigade, based in the adjacent governorate of Suweida, accompanied the Russian forces.

A proxy force loyal to Moscow but sympathetic to the rebels was also part of the Russian-supervised deployment.

Opposition sources say there has been no Russian guarantees that the main regime unit that has been attacking Deraa Al Balad would not enter the district.

It is the Fourth Division, headed by Maher Al Assad, younger brother of the Syrian President. The unit has close ties with Russia as well as Iran, the sources say.

Deraa Al Balad, and other opposition areas in southern Syria near the border with Jordan have largely been under self-governance although Russian firepower returned the regime to the area three years ago.

A Russian deal for the enclave to surrender collapsed twice in the past two months over the regime’s military presence in the area and how many rebels would be expelled.

Under the Russian deal some of the rebels would be allowed to stay in the district without their weapons and other expelled to areas in northern Syria close to Turkey that are outside the control of the regime.

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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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Dubai Rugby Sevens
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West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership

UAE Premiership
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Runners up: Dubai Hurricanes

UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II

UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby

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THE BIO

Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking

Updated: September 06, 2021, 6:37 PM