Today, the Caesar Act, a bill imposing sanctions on the Syrian regime and those who co-operate with it, has come into effect. Approved by the US Congress last December, the legislation is named after the Syrian photographer who bravely smuggled 55,000 images documenting torture in regime prisons.
This is the first time Damascus is sanctioned by the US on the basis of human rights violations rather than threats to American national security. Syria has also occupied a consistent place on the US list of state sponsors of terrorism since 1979, longer than any other country. Five decades of Al Assad family rule over Syria have done little to improve its international standing.
For the Syrians who have long suffered under the weight of the Assad regime, the Caesar Act is a bittersweet victory. As much as a third of the population has been pushed into exile by the country’s ongoing conflict, with many unable to come back for fear of persecution. But for those who remain in Syria, the prospect of additional sanctions is unnerving. Measures that punish the entire economy, rather than individual leaders, can destroy lives, livelihoods and hopes for wider prosperity.
Economic sanctions on rogue states are a diplomatic tool of last resort. They are intended to push governments stubborn in their insistence on abusing their own people – and others elsewhere – into compliance with international law and norms. After nine years of bloodshed, the Syrian regime still shows no sign of backing down. And now, its population is on the brink of starvation, according to the World Food Programme.
Pro-regime groups in Syria and Lebanon claim that economic collapse was not brought on by a mismanagement or corruption, but rather that it is the fruit of US sanctions. In truth, the situation had been rapidly deteriorating for years. Since November 2019, a banking crisis in Lebanon – the country through which Syria accesses the global economy – has taken a toll on the currencies of both nations, and limited Damascus's access to dollars. This has stifled Syria's ability to import basic necessities.
For decades, Lebanese activists have decried the widespread economic mismanagement and corruption that have wreaked havoc on their country’s finances. In Syria, where more than 85 per cent of the population lives in poverty, the situation is even worse. The regime has been able to survive 50 years of sanctions only by circumventing the international system with the help of allies in Lebanon and overt support from heavily-sanctioned Iran.
For the Syrians who have long suffered under the weight of the Assad regime, the Caesar Act is a bittersweet victory
The Caesar Act is meant to help bring about an end to this paradigm. But on its own, the legislation will not be enough. The international community must find ways to ensure that those who suffer the most in Syria do not see their lives destroyed irreparably. The country’s refugees and internally displaced people must be cared for. And as authorities start to clamp down on protesters in Suwaida, and the rights of Lebanese demonstrators are increasingly jeopardised, efforts must be made to protect and empower those risking their lives to exert pressure on their governments from within.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
World Series
Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)
* if needed
Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
The specs: 2017 Ford F-150 Raptor
Price, base / as tested Dh220,000 / Dh320,000
Engine 3.5L V6
Transmission 10-speed automatic
Power 421hp @ 6,000rpm
Torque 678Nm @ 3,750rpm
Fuel economy, combined 14.1L / 100km
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now