UAE President Sheikh Mohamed has spoken of his commitment to helping Syria rebuild, as the country's president visited Abu Dhabi for the first time since taking office.
The head of state welcomed President Ahmad Al Shara and spoke of his support for the new government in Damascus.
Sheikh Mohamed told of the need to confront “the challenges of the transitional phase and rebuild Syria in a way that meets the aspirations of its people for a future of security, stability and prosperity”, state news agency Wam reported.
The security and stability of Syria are important to the entire Middle East, Sheikh Mohamed said, stressing that the UAE would “spare no effort in providing all possible support to Syria”. He spoke as rival groups contest parts of the country outside the grasp of Damascus, although Mr Al Shara's self-declared government has recently managed to bring key parties to the negotiating table.
Mr Al Shara was welcomed at Al Bateen Airport by Sheikh Abdullah bin Zayed, Deputy Prime Minister and Minister of Foreign Affairs. He travelled to Al Shati Palace, where a full honour guard was present. The new Syrian flag, designed to show the break made with the regime of Bashar Al Assad, was displayed alongside the Emirati flag.
Among the senior UAE leaders at the meeting were Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, Foreign Minister Sheikh Abdullah and Sheikh Hamdan bin Mohamed bin Zayed, Deputy Chief of the Presidential Court for Special Affairs.
Thanking Sheikh Mohamed
The Office of the Syrian President issued a public letter of thanks to Sheikh Mohamed for the “warm welcome and generous hospitality”, said Wam.
“I express my deep appreciation for his keenness to strengthen and develop our relations in various fields,” the letter read. “I pray to God to bestow upon the UAE, its leadership and people, the blessings of security, safety, and success, and to continue its journey towards further prosperity and progress.”
Mr Al Shara, who led the Hayat Tahrir Al Sham rebel group that ousted President Bashar Al Assad, is looking to improve relations with Arab neighbours and the Gulf states following a 13-year civil war is Syria. The UAE is the first country Mr Al Shara has visited since forming a government that largely comprises HTS allies and technocrat ministers. The government does not expect to hold democratic elections for four or five years.
Syria remains under strict western sanctions that make a restart of the economy difficult. Mr Al Shara and Syria's Foreign Minister Asaad Al Shibani have campaigned to have them lifted. The US administration of President Donald Trump said it approved of Mr Al Shara's government reshuffle last month but was not ready to lift sanctions.
The EU has lifted some restrictions, allowing local banks to move money around. Broad US restrictions under the US Caesar Act prevent many companies from involvement in both oil and gas and reconstruction.
If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Tackling money goals one at a time cost financial literacy expert Barbara O'Neill at least $1 million.
That's how much Ms O'Neill, a distinguished professor at Rutgers University in the US, figures she lost by starting saving for retirement only after she had created an emergency fund, bought a car with cash and purchased a home.
"I tell students that eventually, 30 years later, I hit the million-dollar mark, but I could've had $2 million," Ms O'Neill says.
Too often, financial experts say, people want to attack their money goals one at a time: "As soon as I pay off my credit card debt, then I'll start saving for a home," or, "As soon as I pay off my student loan debt, then I'll start saving for retirement"."
People do not realise how costly the words "as soon as" can be. Paying off debt is a worthy goal, but it should not come at the expense of other goals, particularly saving for retirement. The sooner money is contributed, the longer it can benefit from compounded returns. Compounded returns are when your investment gains earn their own gains, which can dramatically increase your balances over time.
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
UAE currency: the story behind the money in your pockets