President Bashar Al Assad won Wednesday's presidential elections with 95.1 per cent of the vote. AFP
President Bashar Al Assad won Wednesday's presidential elections with 95.1 per cent of the vote. AFP
President Bashar Al Assad won Wednesday's presidential elections with 95.1 per cent of the vote. AFP
President Bashar Al Assad won Wednesday's presidential elections with 95.1 per cent of the vote. AFP

Fourth time unlucky: Syria ‘re-elects’ Bashar Al Assad


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In March 2011 in the southern Syrian city of Deraa, protests began the country's uprising with a simple chant of patriotic resistance: "God, Syria, freedom." Ten years later, in the streets of Damascus, one of patriotic subservience can be heard instead: "God, Syria, and Bashar only". This version is the victory cry of President Bashar Al Assad's supporters after it was announced on Friday he won over 95 per cent of the vote in recent presidential elections.
The result is widely viewed as a sham, and even for his most ardent followers there is no hiding from the terrible position in which the country now finds itself. Conservative estimates suggest that 500,000 Syrians have died in the country's civil war, which began as a movement demanding more rights, but not necessarily the fall of Al Assad.
Over the course of 21 years, Al Assad has been been elected to office a total of four times. On each occasion, he has been declared the winner with close to 100 per cent of the vote and on each he has done little to address Syria's longstanding issues, relating primarily to the country's broken economy and politics, which ultimately resulted in 2011's uprising.

Parliamentary officials claimed almost 80 per cent voter turnout. Reuters
Parliamentary officials claimed almost 80 per cent voter turnout. Reuters
There will be no long-term stability or prosperity in a 'Bashar only' state

While the war the uprising birthed appears to be in its diminuendo, Syria’s territory remains fragmented and its economic woes have worsened. And while Al Assad's position now appears to be the strongest it has been since the uprising, that is the case only because of a deeply repressive administration and disregard for political consensus.

As he enters the first days of his fourth term, Al Assad will need to confront and address the legacy of his two decades in power. Eighty per cent of people in the country are thought to be living below the poverty line, according to the UN. The government controls just 60 per cent of its pre-war territory, and estimates suggest that there are over 6.5 million Syrian refugees across the world and just over 6 million more displaced internally.
In an attempt to salvage a stable idea of what it means to be a Syrian citizen after the war, the UN has been pushing the government and opposition parties to discuss constitutional reform. The beleaguered idea was floated as far back as 2012, but it was only in 2019 that a Syrian Constitutional Committee, comprising representatives from the government, opposition parties and civil society groups, was convened. This questionable election result will likely be used by Al Assad's side to stall talks further, and claim false legitimacy in negotiations.

The war also saw Damascus under Al Assad go from being a crucial and founding member of the Arab League to a regional outcast that relied on the support of non-Arab allies to survive. If modern Syria is to claw back the semblance of a modern state, Al Assad's administration must endeavour to rebuild trust with its neighbours, as well as his own people. That will require a great deal of work after a regionally destabilising catastrophe of a war for which his governance was largely responsible.
Standing on the threshold of another seven years in power, Al Assad has a choice. There will be no long-term stability or prosperity in a "Bashar only" state. If he really does stand for Syria, he will have to break with precedent and work towards building a government and state for all citizens, particularly those still scattered across the world in traumatic limbo. It is a long shot but one that is desperately needed.

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

The biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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First Person
Richard Flanagan
Chatto & Windus 

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.”

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae