Syria has "no motive" to bring a halt to its $45.6 billion Captagon drugs trade, experts warn, as it uses the funds as a "lifeline" to bolster its struggling economy.
The UK estimates the global trade in Captagon is worth about $57 billion, with 80 per cent of the world’s supply produced in Syria as a source of revenue for President Bashar Al Assad's regime.
In a webinar hosted by think tank Chatham House looking at how the Israel-Gaza conflict is effecting regional instability in Syria, experts revealed the trade in Captagon shows no sign of abating.
Haid Haid, Consulting Fellow for the Middle East and North Africa programme at Chatham House, said Mr Al Assad has 'no willingness' to stop the Captagon trade.
He said there are levels of involvement from militia, the military and security agencies in the flow of Captagon from Syria to Jordon.
"Because of that the regime has been able to gain a lot of money," he said.
"The regime has no motive to stop it."
The amphetamine-based drug is consumed in pill form and induces periods of heightened concentration as well as feelings of confidence and euphoria.
Mr Haid said a "lack" of financial incentive for Syria from other regimes gives it no reason to crackdown on it.
Both the UK and US have hit Syria with western sanctions as a result.
"Trade in the drug is a financial lifeline for the Al Assad regime – it is worth approximately three times the combined trade of the Mexican cartels," the UK Foreign Office has said.
"The production and trafficking of Captagon enriches Al Assad’s inner circle, militias and warlords, at the expense of the Syrian people who continue to face crippling poverty and repression at the hands of the regime."
Joseph Bahout, Director at the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut, said Al Assad's regime is "ready to trade anything" for a reward at the moment due to its struggling economy.
He said Syria's reluctance to get involved in the Israel-Gaza war is in part due to its struggling economy and a desire to build bridges.
"Al Assad has distanced himself from regional escalation. I think the main position was that the regime wants to stay out of it for different reasons," he said.
"Firstly the rift and conflict which started with Hamas in 2012 when Hamas sided with the uprising and other aspects relating to domestic situation in Syria, its economy is suffering and Al Assad's military is ill-equipped and spread thinly throughout Syria and we have regional countries advising Al Assad to stay out."
With its economy suffering, drugs gangs are using Jordan as the main conduit for smuggling drugs from southern Syria into the Arabian Peninsula, a trade Jordanian officials have described as a threat to the kingdom's national security.
Last year police in Jordan destroyed 12.5 million Captagon pills captured in raids.
The Jordanian military has fortified the border with Syria with barriers, patrols and monitoring equipment, with the support of the United States and other western allies, to try to stop the smuggling.
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
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
COMPANY%20PROFILE
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Disability on screen
Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)
Rosewood and Transparent — heart issues
24: Legacy — PTSD;
Superstore and NCIS: New Orleans — wheelchair-bound
Taken and This Is Us — cancer
Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)
Grey’s Anatomy — prosthetic leg
Scorpion — obsessive compulsive disorder and anxiety
Switched at Birth — deafness
One Mississippi, Wentworth and Transparent — double mastectomy
Dragons — double amputee
UAE currency: the story behind the money in your pockets
EMILY%20IN%20PARIS%3A%20SEASON%203
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Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Profile box
Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Specs
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COMPANY%20PROFILE
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RESULTS
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