Assad's Economic Focus Amidst Regional Turmoil
Syrian President Bashar al-Assad has largely remained silent regarding Israel's ongoing military actions in Gaza and the regular Israeli raids on Syrian territory. Instead, he has concentrated on consolidating his drug-based economic empire, particularly through the management of the Captagon trade, which has become a significant source of revenue for his regime. According to Hala Qaddmani's article in Le Temps, Assad's priorities lie more in protecting his inner circle and maintaining control over the economy than in addressing the geopolitical challenges posed by Israel or managing relations with Arab nations.
Despite being part of the so-called “axis of resistance” alongside Iran and Hezbollah, the Assad regime has not retaliated against Israeli incursions targeting pro-Iranian militias. Instead, Damascus has expressed solidarity with Iran following the assassination of Hamas leader Ismail Haniyeh, showcasing a lack of proactive measures against Israeli aggressions. As the regime faces increasing isolation, Assad's disregard for regional diplomacy and his refusal to engage constructively with Arab countries highlight a troubling trend of economic prioritization over national security.
Concentration of Wealth and Power within Assad's Regime
The concentration of wealth in the hands of Assad and his close allies has intensified in the wake of Syria's prolonged conflict and economic collapse. Reports indicate that the regime has systematically marginalized prominent Syrian businessmen, including the ousting of Rami Makhlouf, Assad's cousin, who once controlled significant economic resources. Following Makhlouf's downfall, control of his assets was transferred to Asma al-Akhras, Assad's wife, who has expanded her influence over various sectors, including real estate and telecommunications, through a network of shell companies.
Maher al-Assad, Bashar’s brother, plays a crucial role in managing the regime's illicit activities, including oil and drug smuggling, which are vital for sustaining the regime's finances. This concentration of power and resources has left 90% of the Syrian population living below the poverty line, as the regime prioritizes its economic interests over the welfare of its citizens. The economic council, a secretive body comprising loyal businessmen, has become central to the regime's operations, further entrenching the Assad family's grip on Syria's economy.
