Syria’s President Ahmad Al Shara is expected to meet with Donald Trump on Monday. Photo: FII Institute
Syria’s President Ahmad Al Shara is expected to meet with Donald Trump on Monday. Photo: FII Institute
Syria’s President Ahmad Al Shara is expected to meet with Donald Trump on Monday. Photo: FII Institute
Syria’s President Ahmad Al Shara is expected to meet with Donald Trump on Monday. Photo: FII Institute

Syria launches operation against ISIS as Al Shara arrives in Washington


Khaled Yacoub Oweis
  • English
  • Arabic

Syrian security forces have killed an ISIS member and arrested 71 others in the past 24 hours in a major operation across the country, authorities said.

News of the operation came as Syrian President Ahmad Al Shara arrived in Washington to join a US-led coalition against the extremist group.

“The group was intending to mount new operations, either against the government or against the components [minorities] in Syria as it joins the international coalition against ISIS,” Interior Ministry spokesman Noureddine Al Baba said.

The operation comprised 61 raids in Damascus and the provinces of Homs, Hama, Aleppo and Idlib to the north, as well as eastern regions, including the Badia desert.

Parts of central and eastern Syria are under the control of the mostly Kurdish Syrian Democratic Forces (SDF), which the US founded in 2015 as the ground component of the war against ISIS in Syria, but whose status could change after the imposition of a Syria-US security deal.

The central government and the SDF have been engaged in US-supervised talks on integrating the group into the new Syrian state.

On Saturday the official Sana news agency said Mr Al Shara had arrived in Washington on an official visit, and that he will meet US President Donald Trump on Monday. Mr Al Shara's trip is the first by a modern Syrian leader to the American capital. US officials say it is aimed at bringing Syria into the US-led anti-ISIS coalition, although Mr Trump is also expected to push him to make progress on a security deal with Israel.

Mr Al Shara turned against ISIS during the middle stages of his career as an insurgent, which ended when he led Hayat Tahrir Al Sham on an 11-day offensive that toppled the regime of former president Bashar Al Assad in December.

Ministry spokesman Mr Al Baba said the “peak” of ISIS activity in post-Assad Syria was a suicide bombing that killed 23 people at a church in a low-income area of Damascus in June. However, regional security sources have said the attack may have been carried out by militants who were allied with HTS but turned against Mr Al Shara after the downfall of the former regime.

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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.”

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Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

Updated: November 09, 2025, 10:00 AM