Since December 8, Israel has regularly bombed Syria, sometimes striking what it has said are “strategic” weapons formerly possessed by the regime of Bashar Al Assad, which it claims could one day pose a threat.
The arms have either been abandoned or inherited by security forces of the new Syrian administration led by Ahmad Al Shara and his coalition of groups in Hayat Tahrir Al Sham, which includes several extremist factions.
Israel and Syria, bitter foes since the 1948 Arab-Israeli war, fought multiple conflicts during the Baathist rule of the Assad dynasty after 1971, including one of the largest modern air battles in 1982.
Mr Al Sharaa has said Syrians are war-weary and not seeking new conflicts, although he has been unable to stop massacres of Alawite civilians committed by allied factions.
Recent Israeli attacks hit port infrastructure in Latakia and Tiyas airbase, also known as T-4, one of Syria’s largest and previously home to Iranian advisers and equipment, including drones.
The second round of strikes on Tiyas on March 22 hit remaining SU-24s, outdated aircraft that had been flying for at least 30 years.
Syria has called the attacks a “flagrant” violation of the country’s sovereignty, also condemning an expanded Israeli occupation of a zone near the Golan Heights, which was meant to be demilitarised based on a 1974 ceasefire. Israeli forces, claiming to be protecting minorities, particularly the Druze community, have seized weapons caches and clashed with locals.
A once mighty army
From a military standpoint, the ground and air raids raise the question of how many arms were left in Syria after the fall of Bashar Al Assad’s regime, once one of the most heavily armed in the Middle East with powerful air defences and one of the largest tank forces in the world.
The answer, if recent strikes are anything to go by, is a substantial amount, even after devastating attacks on Syria’s navy at the start of the campaign, destroying 15 vessels previously unscathed from the country’s 14 year conflict. A key target of Israeli anti-naval operations would have been powerful Yakhont anti-ship missiles.
Two days into Israel’s operation Bashan Arrow to destroy the weapons stockpiles and abandoned aircraft, Israel said it had destroyed “most of the strategic weapons stockpiles in Syria."
An air strike a week later indicates how much material was left, when a blast near Tartus on December 16 registered as a magnitude 3 seismic event.
For comparison, the US Geological Survey said the 2020 Beirut port blast, which killed over 200 people and damaged thousands of buildings in the Lebanese capital, registered at magnitude 3.3. The poorly stored fertiliser which exploded at Beirut port – 2,494 tonnes of it – was the rough equivalent of about 1,000 tonnes of TNT, giving an idea of how much explosive detonated in the hills near Tartus.
An amount of TNT that size could fill approximately 1,000 Syrian Scud B missiles or many thousands more smaller rockets – although Assad is highly unlikely to have had that many of the huge 600 kilometre range missiles in storage.
According to the Federation of American Scientists, Syria likely had around 300 of the Soviet-era Scud missiles stockpiled in the mid-90s. Janes, a British defence consultancy, believes North Korea assisted Syria in domestic Scud B production after 2008. Even accounting for Scuds used in the civil war or bombed by Israel until Assad’s fall, there could be many left.
In the final year of the Assad regime, Israel also raided and heavily bombed underground missile production at Masyaf, said to have been built with Iranian help.
These weapons, according to Israeli intelligence in 2015, were among the 90 per cent of Syria’s total missile arsenal expended in the 2011-2024 civil war.
Missiles are still a top priority target for Israel, with the December 16 strike hitting the former Syrian Army’s 107th missile brigade. Exactly how much is left in storage is uncertain but a single shipment from Iran, intercepted in 2009, contained around 2,000 122mm rockets.
Depending on how many were sent to Hezbollah or have been bombed so far, remaining caches could be very large, like the one that hit in Tartus.
Air defences are still being targeted, although Assad’s forces failed to use the capability to shoot down an Israeli jet since 2018, when an F-16I was downed during a day-long exchange of strikes.
Israel had destroyed most air defence systems in a long air campaign against Iranian resupply of Hezbollah in Lebanon through Syria even before Assad fell.
According to local witnesses, an abandoned air defence battalion site was bombed near Tartus on March 3. Even with the help of former Assadist air defender support, it’s not clear how effective remaining systems would be in the hands of HTS, with many dating back decades – apart from some Russian Pantsir systems delivered in 2008.
A future crisis
Either way, it is obvious that Syria is being violently disarmed, with uncertain regional consequences.
“In some ways this campaign makes no sense, because we have to remember, if you want HTS to fight against ISIS, or against the Iranian presence in Syria, you need them to have capabilities, and adding to that, if they don't have the capabilities then of course, Turkey will be happy to supply these capabilities,” says Danny Citrinowicz, a former senior Israeli military intelligence officer and non-resident fellow at the Atlantic Council’s Middle East programme.
“Let's see if Israel is willing to bomb Turkish equipment that will arrive to HTS. It's not a smart move, but it's connected to the Israeli strategy now in Syria, weakening Ahmed Al Sharaa, making sure that he's not able to control Syria. Because we don't know whether he’s a violent jihadi or not.”
Israel’s foreign Minister Israel Katz said that the army had been ordered to "establish a sterile defence zone free of weapons and terrorist threats in southern Syria,” but now this has become an open-ended operation on Syrian soil.
“Of course, there is the operation preventing Al Sharaa from operating in the south near Golan, preserving Israel presence in Herman mount and in the buffer zone. So all of this activity is actually connected to the strategic logic of ‘we are not going to support Al Sharaa. On the contrary, we're going to weaken him.’ We will prevent Syria from being controlled again as a central regime by someone who you don't know his intention, because maybe in a few years’ time, he'll do A, B and C.
“This is, I think a counterproductive policy. It’s quite different to that of the US or the EU in that regard. They are saying that they're sceptical of Al Sharaa and his motives, but they want to give him some sort of benefit of the doubt.”
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Manchester United's summer dealings
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Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The%20specs
%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E666hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20at%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EQ1%202023%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh1.15%20million%20(estimate)%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
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.”
MORE ON CORONAVIRUS & THE ECONOMY
Ibrahim's play list
Completed an electrical diploma at the Adnoc Technical Institute
Works as a public relations officer with Adnoc
Apart from the piano, he plays the accordion, oud and guitar
His favourite composer is Johann Sebastian Bach
Also enjoys listening to Mozart
Likes all genres of music including Arabic music and jazz
Enjoys rock groups Scorpions and Metallica
Other musicians he likes are Syrian-American pianist Malek Jandali and Lebanese oud player Rabih Abou Khalil
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
UAE currency: the story behind the money in your pockets
The Bio
Favourite holiday destination: Either Kazakhstan or Montenegro. I’ve been involved in events in both countries and they are just stunning.
Favourite book: I am a huge of Robin Cook’s medical thrillers, which I suppose is quite apt right now. My mother introduced me to them back home in New Zealand.
Favourite film or television programme: Forrest Gump is my favourite film, that’s never been up for debate. I love watching repeats of Mash as well.
Inspiration: My late father moulded me into the man I am today. I would also say disappointment and sadness are great motivators. There are times when events have brought me to my knees but it has also made me determined not to let them get the better of me.
Ad Astra
Director: James Gray
Stars: Brad Pitt, Tommy Lee Jones
Five out of five stars