Syrian police burn illegal drugs in Damascus on February 25. Building on such seizures and co-operating with neighbouring states are vital to undoing the damaging legacy of the country’s narcotics trade. EPA
Syrian police burn illegal drugs in Damascus on February 25. Building on such seizures and co-operating with neighbouring states are vital to undoing the damaging legacy of the country’s narcotics trade. EPA
Syrian police burn illegal drugs in Damascus on February 25. Building on such seizures and co-operating with neighbouring states are vital to undoing the damaging legacy of the country’s narcotics trade. EPA
Syrian police burn illegal drugs in Damascus on February 25. Building on such seizures and co-operating with neighbouring states are vital to undoing the damaging legacy of the country’s narcotics tra


Syria's drugs trade won't be stopped overnight


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October 24, 2025

Undoubtedly, Syria is a changed country. To take just one example, last week interim President Ahmad Al Shara – a leader of an armed group – travelled to Moscow to meet the leader of the Russian Federation, a country whose armed forces spent years targeting Mr Al Shara and his fighters. It is likely that Mr Al Shara’s predecessor Bashar Al Assad, who fled to Russia when his regime fell, was sat only kilometres away from this once-unthinkable encounter. With exiled Syrians moving back to their country, to new opportunities for young people to start up businesses, changes abound.

But as Syria moves forward, some things remain the same. While the state works hard to mend international ties and revive its war-torn economy, those profiting from the manufacture and sale of illegal drugs endure. This cross-border trade, which is inextricably linked with armed gangs and myriad violent crimes, continues to cast a malign shadow not only over Syrian society but the wider Middle East too.

This is not to suggest that the interim authorities have been complacent when it comes to tackling the threat posed by dangerous and addictive substances such as Captagon and crystal meth. In June, Syrian Interior Minister Anas Khattab said the government had seized control of all Captagon laboratories in the country – a major step forward. Nevertheless, the trade persists as evidenced by this week’s reports that Syrian security forces seized about 12 million Captagon pills while breaking up a drug-smuggling network near Damascus, one of the biggest busts in the post-Assad era so far.

Undoing years of damage from Syria’s entrenched drugs trade is no easy task, especially for a country tacking various areas of state collapse. There is plenty of evidence that the interim government is going in the right direction – in April, the foreign ministers of Jordan and Syria agreed to step up joint action against drug smuggling.

In August, Syria’s Interior Ministry announced it had established specialist counter-narcotics squads within the security forces. Co-operation with Jordan, Lebanon and Iraq has been instrumental; on Wednesday, Syrian state media reported that more than 100kg of hashish and over a million Capatagon tablets had been seized in a joint operation involving Iraqi law enforcement.

While the state works to mend international ties and revive its war-torn economy, those profiting from illegal drugs endure

But much work remains, particularly as Syria’s drug-producing and smuggling networks fragment and go further underground. Tightening up border controls to stop the chemicals used in drug making from entering the country is a necessary step, as is deepening existing co-operation and intelligence sharing with neighbouring states. Efforts to break up illegal finance networks should go hand in hand with economic incentives that dissuade people from getting involved with the drug trade in the first place. More international technical assistance should be made available to the authorities, including training, state-of-the-art scanning equipment and forensics expertise.

It is clear that although Syria is going through a rapid political and societal transition, problems such as the drug trade are not going to be overcome in a matter of months. Nevertheless, recent counter-narcotics successes across the region mark important progress. This week, the US military said that nearly $1 billion worth of drugs were recently seized from two dhows in the Arabian Sea. Earlier this month Kuwait thwarted an attempt to smuggle pills with a street value of $18 million and in September, Lebanon seized 64 million tablets in one of the largest drug busts in its history.

For Syria, building on such successes and co-operation is key to undoing the damaging legacy of the country’s narcotics trade. It should get the help and support of its neighbours and wider international community to make this happen.

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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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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Updated: October 24, 2025, 3:19 AM