An Alawite family rides in the back of a pick-up truck to return home to Latakia, Syria. Reuters
An Alawite family rides in the back of a pick-up truck to return home to Latakia, Syria. Reuters
An Alawite family rides in the back of a pick-up truck to return home to Latakia, Syria. Reuters
An Alawite family rides in the back of a pick-up truck to return home to Latakia, Syria. Reuters

Alawites trickling back to their heartland after mass killings


Khaled Yacoub Oweis
  • English
  • Arabic

Residents of the Syria's Alawite heartland have begun trickling back to their homes after fleeing sectarian killings in the past 10 days, witnesses said on Sunday, but fears still grip the coastal areas of a repetition of the mass killings that sparked international condemnation and calls for the new government to protect the country's minorities.

At least 1,400 civilians, mostly Alawites, were killed after the government launched an offensive on March 6 to spread control throughout the west coast, ancestral home to the minority. The attacking forces were led by Hayat Tahrir Al Sham, the religious-political group that was instrumental in overthrowing president Bashar Al Assad on December 8.

Witnesses in the coastal cities of Latakia and Baniyas, mixed between Alawites and Sunnis, told The National HTS-led security forces have in the past 48 hours accompanied dozens of Alawite civilians back to their districts. The offensive, which involved arbitrary executions, looting and arson, prompted thousands of Alawites to flee. Most headed for the highlands, Lebanon and to the Russian Hmeimim airbase, a relic of an era when Moscow was dominant in Syria.

Security personnel inspect vehicles at a checkpoint set up to confiscate stolen items, in Latakia, Syria. Reuters
Security personnel inspect vehicles at a checkpoint set up to confiscate stolen items, in Latakia, Syria. Reuters

"There is shortage of transportation because so many cars and buses were stolen," said an Alawite resident of Baniyas. He said HTS had put up numerous barriers, partly guarded by foreign fighters, on the main road from Baniyas to the Alawite mountains, a main destination of the displaced.

Many in the Alawite areas of Baniyas have run out of money and food, although one bakery in the Qusour area has been providing bread free of charge, he said.

"We have been through a catastrophe, and they [HTS] are still humiliating us," he said, pointing out that Alawites are being asked at road blocks about their sect, with reports of abductions and disappearances continuing.

"No one dares venture outside their home, except perhaps in the morning," he said. "Baniyas is a ghost city."

Security forces stand near the gate of Hmeimim airbase in Latakia, Syria. Reuters
Security forces stand near the gate of Hmeimim airbase in Latakia, Syria. Reuters

An engineer who lives in Latakia said that he went to work on Sunday, for the first time in ten days, at a building material company on the road south of the Russian Hmeimim airbase. HTS had placed at the entrance of the city cars that were stolen and recovered for their owners to identify them. "There were some microbuses on the road with people coming back from Hmeimim," he said.

There was no immediate information on whether any of the estimated 10,000 Alawites who fled to Lebanon this month have gone back.

Syria is majority Sunni. Out of its 20 million population in 2010, the year before the civil war, Alawites numbered an estimated one million people. But the sect, an offshoot of Shiite Islam, had dominated power in Syria for the past six decades until Mr Assad was ousted on December 8. HTS, now in control of the country, was once linked to Al Qaeda. Among its ranks are thousands of foreign fighters who have traditionally spearheaded its offensive operations.

US Secretary of State Marco Rubio blamed “radical Islamist terrorists” for the mass killings in the west coast area. He said Syrian authorities "must hold the perpetrators of these massacres against Syria’s minority communities accountable”.

Other minorities have also been stung by the campaign. On Thursday, Sheikh Hikmat Al Hijri, spiritual leader of the Druze Unitarian community, criticised the new authorities in Damascus, calling the government "extremist, wanted men". Despite open channels with the UN and many European countries, HTS, and its chief, Syrian leader Ahmad Al Shara, remain listed as terrorists by Washington, the UN and the EU.

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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.”

Updated: March 16, 2025, 3:31 PM