Part of the border between Jordan and Syria. Drugs and weapons are being smuggled across the frontier. AFP
Part of the border between Jordan and Syria. Drugs and weapons are being smuggled across the frontier. AFP
Part of the border between Jordan and Syria. Drugs and weapons are being smuggled across the frontier. AFP
Part of the border between Jordan and Syria. Drugs and weapons are being smuggled across the frontier. AFP

Jordan and Syria discuss border security amid Gaza war tensions


Khaled Yacoub Oweis
  • English
  • Arabic

Live updates: Follow the latest on Israel-Gaza

The foreign ministers of Jordan and Syria have discussed border security at an Arab League meeting in Bahrain, official media said on Tuesday, after threats from groups supported by Iran to infiltrate the kingdom.

After Jordan’s Minister of Foreign Affairs Ayman Safadi met his Syrian counterpart Faisal Mekdad, an official Jordanian statement said: “They went over the outcome of contacts ... between the two countries to stop smuggling operations and deflect their danger.”

The two men met on the sidelines of a conference in Manama convened to prepare for an Arab summit on Thursday.

For the past six years, border areas controlled by the Syrian military and pro-Iranian militias have been a main conduit of smuggling drugs, and increasingly weapons, into Jordan.

The two allies have denied Jordanian accusations of financing the flow of illicit items. Amman has not provided information on who receives the contraband on the Jordanian side of the border.

But in the second half of last year, Jordanian authorities increased operations in tribal areas near the border against unidentified arms and drug dealers.

The New York Times last month reported Iran has been overseeing weapon-smuggling routes through Jordan and other countries to the occupied West Bank, an issue that has become more sensitive since the war in Gaza broke out on October 7.

Iran has been expanding its influence in Syria since the 2011 revolt against the Alawite-dominated ruling elite, which threatened to undermine the foothold of Shiite Iran in Syria. By the end of the year, the revolt had transformed into civil war, with rural Sunnis comprising its armed core.

But the Russian intervention in 2015, together with a cluster of militias formed by Iran's Islamic Revolution Guard Corps, helped restore large parts of Syria to President Bashar Al Assad's regime.

Those militias have also attacked US forces in Syria, and in January killed three US soldiers at a border base in Jordan.

US soldiers participate in annual joint military exercises, known as Eager Lion, near Maan, Jordan. AFP
US soldiers participate in annual joint military exercises, known as Eager Lion, near Maan, Jordan. AFP

In Ramallah, a Palestinian security official said that since October 7, Israel has been increasingly mounting operations against Iran-backed armed groups in West Bank camps and villages.

Some of these groups received limited amounts of smuggled weapons through Jordan, although they have other supply options, he added.

“They have not engaged in any serious activity against Israel but they have provided the excuse for Israel for its devastating [West Bank] incursions,” the official told The National.

Jordan is dependent on the US for aid and for security. Washington and other western allies have poured hundreds of millions of dollars into helping fortify the kingdom’s 360km, mostly desert border with Syria, western security officials said.

Soldiers patrol near the eastern Jordan-Syria border in Mafraq governorate, Jordan. AP
Soldiers patrol near the eastern Jordan-Syria border in Mafraq governorate, Jordan. AP

The kingdom's position as a US ally was highlighted last month when the Jordanian air force helped intercept barrages of drones and missiles fired by Iran at Israel in rare, direct hostilities between the two countries.

A diplomat in Amman said that since October 7, decision-makers in Jordan have been raising the possibility that Iran might try to build a presence in the kingdom.

“It is in Iran’s interest to build a ring of instability around Israel,” he said. "I am not sure it has the tools to do that in Jordan."

Countering the drug trade initially figured prominently in Jordan's support for an Arab rapprochement with Mr Assad last year. The warming of relations also coincided with a detente between Saudi Arabia and Iran.

It has resulted in the restoration of Damascus to the Arab League and the Syrian President attending the last Arab League Summit in Riyadh a year ago.

Waiel Olwan, senior researcher at the Jusoor Centre for Studies in Istanbul, said weapons have overtaken drugs as Jordan’s primary problem with Damascus.

“The weapons could go to the West Bank, and more worryingly to sleeper cells that Iran could attempt to form in Jordan,” Mr Olwan said.

The overall normalisation with Damascus has not progressed significantly, partly due to this issue, he said.

"On the field, it is Iran that holds the decision, not the Syrian regime,” he said.

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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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
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Forced%20Deportations
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Violence%20
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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Updated: May 14, 2024, 3:08 PM