Syria's President Ahmad Al Shara said he wanted to bring together an army 'for all Syrians'. Reuters
Syria's President Ahmad Al Shara said he wanted to bring together an army 'for all Syrians'. Reuters

SDF ‘expressed willingness’ to surrender arms to Syrian state control, says Al Shara



Syria's new rulers are in talks with the Kurdish-led Syrian Democratic Forces who have "expressed willingness" to put their weapons under state control, President Ahmad Al Shara said on Monday.

In his first televised interview since officially being named to the position last week, he said his government intended to ensure weapons are controlled and "exclusively in the hands of the state".

Syria's 13-year civil war led to the emergence of many non-state armed groups. Mr Al Shara's Hayat Tahrir Al Sham was one of them, as is rival group the SDF.

"There are ongoing negotiations with the Syrian Democratic Forces to resolve the issue of north-eastern Syria," he told Syria TV. "The SDF has expressed its willingness to place weapons under state control, but there are differences regarding some details."

The SDF, a mostly Kurdish force mainly made up of members of the Kurdish People's Protection Units (YPG), is backed by the US, which considers it a key ally in fighting ISIS. It controls a large area of Syria's north-east, and has fought other militant groups, including HTS affiliates, since former president Bashar Al Assad was deposed on December 8.

The group runs large prisons and detention camps containing more than 10,000 ISIS fighters and their families, and said it has faced attacks trying to break out members of the extremist group.

In an effort to begin rebuilding, the country's 2012 constitution has been dissolved, as well as security agencies and the army.

But HTS is struggling to contain violence. Fighting between the SDF and Turkish-backed Syrian National Army rages in the north, and a car bomb in the city of Manbij killed 20 people on Monday. It was the seventh such attack in a month.

Mr Al Shara said he hopes to bring together a national army "for all Syrians," a sentiment he also expressed for the country's future government.

"I am trying to prevent Syria from falling into a system of power-sharing based on quotas, and competence will be the main criterion for appointments, he said, adding his government would feature technocratic appointments.

How long Mr Al Shara might stay as President until elections or another process to name a government is still not clear. On naming the leader of the 11-day lightning offensive to topple the Assad regime to the presidency, Col Hassan Abdul Ghani, spokesman for the rebel umbrella group known as the Operations Room, said he would serve for a "transitional phase".

Mr Al Shara has said he plans a national conference to bring together the country's varied society.

Syria's decades of dictatorship and drawn-out civil war has left state institutions in ruins, and Mr Al Shara has called for international assistance to help get the country back on its feet. About 90 per cent of Syrians live below the poverty line.

"A broad economic team is currently being formed from inside and outside the country to analyse data and develop an economic policy that will last for 10 years," he said.

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Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EXare%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%2018%2C%202021%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EPadmini%20Gupta%2C%20Milind%20Singh%2C%20Mandeep%20Singh%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunds%20Raised%3A%20%3C%2Fstrong%3E%2410%20million%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E28%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eundisclosed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EMS%26amp%3BAD%20Ventures%2C%20Middle%20East%20Venture%20Partners%2C%20Astra%20Amco%2C%20the%20Dubai%20International%20Financial%20Centre%2C%20Fintech%20Fund%2C%20500%20Startups%2C%20Khwarizmi%20Ventures%2C%20and%20Phoenician%20Funds%3C%2Fp%3E%0A
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Date started: March 2013

Founder: Hussam Hammo

Based: Amman, Jordan

Employees: 55

Funding: $6m

Funders: Wamda Capital, Modern Electronics (part of Al Falaisah Group) and North Base Media

Squid Game season two

Director: Hwang Dong-hyuk 

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6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).

7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.

7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.

8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

Updated: February 03, 2025, 7:05 PM