President Ahmad Al Shara on Monday called for a new chapter in ties with the US as he discussed his vision of a new Syria with retired US Army Gen David Petraeus, who repeatedly described the Syrian leader as “impressive” and “fascinating”.
The Concordia Summit, which took place on the sidelines of the UN General Assembly in New York, brought together two men once on opposite sides of a war: Mr Petraeus, who led the 2007 US “surge” in Iraq, and Mr Al Shara, who at the time was fighting American forces in the country.
During the event, Mr Al Shara made clear that Syria wants the US on its side. “There is a convergence of interests with America. Syria needs a new page,” he said, but warned that punitive measures would only deepen the country’s suffering. “The Syrian people must not be killed by sanctions a second time.”
Mr Al Shara met with US Secretary of State Marco Rubio on Monday to discuss Washington's priorities for Syria.
"The Secretary underscored this opportunity for Syria to build a stable and sovereign nation following President Trump’s historic announcement earlier this year on sanctions relief for the Syrian people," State Department deputy spokesman Tommy Piggott said.
The discussion in New York highlighted Mr Al Shara's evolution from rebel insurgent commander into US ally now leading Syria.
In December, the US announced that Washington was removing the $10 million bounty offered for Hayat Tahrir Al Sham leader Ahmad Al Shara after a milestone meeting in Damascus.
“The small disciplined force defeats the large undisciplined one,” he said when Mr Petraeus asked how he had managed to topple the Assad regime with relatively limited force. “Choosing the right time, choosing the right place to enter. We carried out quick and sudden strikes.”
Mr Petraeus responded that, “as a military man, this is impressive”. The former adversaries often interrupted each other with laughter, each commenting on the other’s military skills.
Security deal
This is the first time a Syrian leader has attended a UN General Assembly since Nureddin Al Atassi in 1967, before the five-decade rule of the Assad family ended. The regime of Bashar Al Assad was toppled last December in a rebel offensive led by Mr Al Shara.
Since then, the Syrian President has sought improved ties with western and Arab states, while treading carefully in his responses to Israeli military operations inside Syria. His UNGA appearance comes as Syria announces a long-awaited parliamentary election, scheduled for October 5.
Asked about Israel, Mr Al Shara said the two sides are negotiating a security deal that could pave the way for further relations. “Discussions are under way about the security agreement, and I believe we have reached advanced stages,” he said. “All that remains is for it to be crowned with an agreement that safeguards Syrian territory and addresses Israel’s concerns.
“If we succeed in that, we can then move on to discuss the future of the Golan Heights and relations with Israel. The ball is now in Israel’s and the international community’s court: does Israel truly have security concerns, or expansionist plans?”
Mr Al Shara claimed that Israel had launched 1,000 strikes against Syria since his forces took control in December, carried out more than 400 incursions, and bombed the presidential palace twice.
“We avoid entering into battle with anyone,” he explained. “We have phases now in negotiations with Israel, and the first step is Israel’s withdrawal to previous borders.”
When asked how he is managing the strain of his new role, Mr Al Shara said “God is with me”, adding that he has a great team. “I am a fan,” Mr Petraeus told Mr Al Shara.
How to improve Arabic reading in early years
One 45-minute class per week in Standard Arabic is not sufficient
The goal should be for grade 1 and 2 students to become fluent readers
Subjects like technology, social studies, science can be taught in later grades
Grade 1 curricula should include oral instruction in Standard Arabic
First graders must regularly practice individual letters and combinations
Time should be slotted in class to read longer passages in early grades
Improve the appearance of textbooks
Revision of curriculum should be undertaken as per research findings
Conjugations of most common verb forms should be taught
Systematic learning of Standard Arabic grammar
Breast cancer in men: the facts
1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.
2) Symptoms can include a lump, discharge, swollen glands or a rash.
3) People with a history of cancer in the family can be more susceptible.
4) Treatments include surgery and chemotherapy but early diagnosis is the key.
5) Anyone concerned is urged to contact their doctor
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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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
Short-term let permits explained
Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
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
UAE currency: the story behind the money in your pockets
The specs
Engine: 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp
Torque: 730Nm
Price: Dh649,000
On sale: now
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
- Saturday 15 January: UAE beat Canada by 49 runs
- Thursday 20 January: v England
- Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith
The specs: 2018 Audi R8 V10 RWS
Price: base / as tested: From Dh632,225
Engine: 5.2-litre V10
Gearbox: Seven-speed automatic
Power: 540hp @ 8,250rpm
Torque: 540Nm @ 6,500rpm
Fuel economy, combined: 12.4L / 100km
match info
Union Berlin 0
Bayern Munich 1 (Lewandowski 40' pen, Pavard 80')
Man of the Match: Benjamin Pavard (Bayern Munich)
UAE currency: the story behind the money in your pockets
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