Syrian troops inspect a vehicle at a checkpoint in the country's coastal region, after a wave of violence involving security forces and gunmen loyal to former president Bashar Al Assad. AP
Syrian troops inspect a vehicle at a checkpoint in the country's coastal region, after a wave of violence involving security forces and gunmen loyal to former president Bashar Al Assad. AP
Syrian troops inspect a vehicle at a checkpoint in the country's coastal region, after a wave of violence involving security forces and gunmen loyal to former president Bashar Al Assad. AP
Syrian troops inspect a vehicle at a checkpoint in the country's coastal region, after a wave of violence involving security forces and gunmen loyal to former president Bashar Al Assad. AP

Syria's sectarian killing spree exposes challenges ahead for Al Shara


Nada Maucourant Atallah
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For more than a week, Hassan and his family were sheltering in a forest, too scared to return to their village in the countryside of Qardaha on Syria's coast. Their home lies in the heartland of the Alawite religious minority, the scene of sectarian-fuelled rampages earlier this month.

Hassan has since returned to his house but remains holed up inside. While the situation may have calmed, the fear has not left them. “Nowhere is safe,” he told The National by phone. He is afraid of arbitrary arrest at checkpoints. Sectarian insults and intimidation, he said, have become common.

The violence began on March 6, when former Assad regime loyalists launched a multipronged assault on several security points along the coast – the most elaborate attack since a rebel coalition led by the Hayat Tahrir Al Sham (HTS) toppled dictator Bashar Al Assad in December.

As the new authorities sent reinforcements to the coast and called for a general mobilisation to quell the insurgency, unregulated groups that had recently joined the Ministry of Defence, along with individuals, exploited the chaos to seek revenge on the Alawite community, an offshoot of Shia Islamists to which Mr Al Assad belongs, for the former regime's crimes.

While Mr Al Assad had appointed most of his top officers from his community, Alawite regions have remained notoriously impoverished over the years, with much of the minority group saying it has also suffered under his iron-fisted rule. When Sunni rebel groups toppled the Assad regime, many Alawites said they were scared of being seen as responsible for crimes committed by Mr Al Assad, based only on their sectarian affiliation.

According to the Syrian Network for Human Rights (SNHR), the violence has killed more than 1,084 people. Government forces and affiliated elements killed 639 civilians and disarmed militants, while Assad remnants killed 445 people, including 213 soldiers and 231 civilians.

The violence has revealed the arduous challenges ahead for the new authorities, which have vowed to protect minorities – a guarantee demanded by the international community in exchange for lifting sweeping sanctions – and restore stability after 14 years of civil war.

Burnt-out cars line the streets of Jableh in Syria's coastal province of Latakia after a bout of sectarian violence gripped the city. AFP
Burnt-out cars line the streets of Jableh in Syria's coastal province of Latakia after a bout of sectarian violence gripped the city. AFP

“I think what happened in many ways exposed the reality that the new government doesn't necessarily have command and control over all the different armed factions, let alone the fact that civilians were involved in this as well,” Aaron Zelin, a fellow at the Washington Institute, told The National.

The integration of the complex web of factions that took part in the fall of the regime into a united and disciplined army has faced many hurdles, despite the new Syrian authorities announcing an agreement with all those armed groups for their dissolution in December.

According to the SNHR, most of the killing has been committed by factions formerly affiliated with the Turkish-backed Syrian National Army (SNA), Sultan Suleiman Shah brigade and the Hamzat division, respectively led by Abu Amsha and Saif Abu Bakr, both under US sanctions for human rights abuse.

Fighters from the Turkish-backed Syrian National Army load a machinegun with ammunition near Tishrin Dam in Syria's northern Aleppo province. AFP
Fighters from the Turkish-backed Syrian National Army load a machinegun with ammunition near Tishrin Dam in Syria's northern Aleppo province. AFP

Mr Zelin said these factions are not part of HTS's core forces. “Of course, some HTS members were involved, including foreign fighters, but most of HTS has very good discipline. It was especially the involvement of SNA factions and random civilians – who lack this discipline – that led to the violence,” he said.

He explained that the clashes occurred despite the new transitional government’s efforts to contain sectarian revenge, which it knows will jeopardise any attempts at state building. For Mr Zelin, the unification of the new army and its control over the collection of factions are further complicated by the foreign agendas of some of these groups.

“The SNA is supported by Turkish funding and backing, which prevents Damascus from having real command and control,” he said. The SNA was created to fight the semi-autonomous Kurdish-led administration in north-eastern Syria, which Ankara views as a threat.

“Until that’s resolved, the Syrian state is not going to fully control the SNA.”

A 'narrow window of opportunity'

Syrian President Ahmad Al Shara speaking at the National Dialogue Conference in Damascus, at which he promised an inclusive state-building process. Photo: Syrian Arab News Agency
Syrian President Ahmad Al Shara speaking at the National Dialogue Conference in Damascus, at which he promised an inclusive state-building process. Photo: Syrian Arab News Agency

The recent sectarian turmoil has also revealed fault lines within Syrian society, which have so far been overlooked, human rights lawyer Nadim Houry said. “Everyone talked about the need for justice and transitional justice mechanisms in Syria, but nothing concrete has been put in place.”

HTS’s initial strategy was to grant amnesty to all conscripts while vowing to hold those who had committed serious crimes accountable. But with the mammoth challenges facing the new government, transitional justice has not remained a top priority. “The strategy was: you lay down your arms, you register yourselves, and then we’ll stop at this – and afterwards, we’ll deal with the worst criminals. Except that this next step never actually materialised,” Mr Houry said.

“This should be a wake-up call. Damascus needs to shift its approach to start a more inclusive transition process – but also to realise that if justice concerns are not addressed, it will fuel more violence. There’s a narrow window of opportunity but the alternative is so far worse.”

The clashes might also affect how the international community perceives the new Syrian government’s ability to protect minorities, potentially further delaying the much-needed lifting of sanctions.

HTS leader and interim President Ahmad Al Shara, a former rebel commander once affiliated with Al Qaeda, who has since distanced himself from the group, has shown strong pragmatism in his style of ruling, pledging to build an inclusive state as the country desperately seeks international recognition. But some have wondered if this new nationalistic stance was merely an opportunistic facade rather than representing any real transformation.

The US, which has maintained far-reaching sanctions on Syria, condemned “the radical Islamist terrorists, including foreign jihadis, that murdered people in western Syria in recent days”. Mr Zelin said that, ultimately, the clashes are unlikely to be a game-changer for the US regarding the lifting of sanctions, as "the Trump administration has been more or less uninterested in doing this before or after the massacres”, he said.

Germany's Foreign Minister Annalena Baerbock visited Damascus and met Syrian Foreign Minister Asaad Al Shibani. AP
Germany's Foreign Minister Annalena Baerbock visited Damascus and met Syrian Foreign Minister Asaad Al Shibani. AP

The EU has been more active in re-engaging with Damascus. Before the clashes, the EU had already lifted some sweeping sanctions on Syrian institutions on industries such as the energy, transport and financial sectors. Despite the recent surge in violence, Germany reopened its embassy to Syria on Thursday, which it closed 13 years ago when Mr Al Assad violently suppressed a popular uprising.

A European diplomat told The National that while the turmoil “has forced the international community to reconsider the rush to re-engage with the authorities in place”, it was far from stopping the rapprochement altogether. “The initial rush has calmed down. Now it’s more of a wait-and-see approach,” the source said.

The diplomat welcomed the creation of a committee to investigate the violence, announced by Mr Al Shara, who promised “punishment or accountability, even among those closest to us”.

“Now, the new authorities are playing the game differently from the old regime: forming commissions, accepting criticism, opening the door to all kinds of investigations and monitoring … these actions taken by the government have made it easier to swallow the pill,” the European source said.

The diplomat also hailed two major breakthroughs for Damascus in its effort to unify the country, which immediately followed the clashes. One was an agreement with the Kurdish-led militia in north-eastern Syria to join the new government, and the other a deal with the Druze community to merge the province of Suweida into the new state institutions.

“They are handling it pretty well – showing a co-operative face, managing the international community – now we’ll have to see what happens next,” the source said.

Company%20Profile
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The specS: 2018 Toyota Camry

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Engine: 3.5-litre V6

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Power: 298hp @ 6,600rpm

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Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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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Updated: March 24, 2025, 8:45 PM