Syrian President and his regime tightening grip on nation’s wealth by seizing businesses
December 6, 2021, 5:47 am

Syrian President and his regime tightening grip on nation’s wealth by seizing businesses

Syrian President/Facebook page

The Washington Post reported in its investigation that Syrian President Assad and his regime are tightening grip on nation’s wealth by seizing dozens of businesses.

The investigation shows that over the past two years, Assad and his financially strapped regime have raided or outright seized dozens of businesses, including foreign corporations and family enterprises that rode out Syria’s decade-long war in government-held territory, according to U.S. and other Western officials, as well as Syrians with firsthand knowledge of the regime’s actions.

Syria-Damascus/Pixabay

It mentioned that companies that had survived the war have been raided by teams of regime “auditors” and agents, who scour their accounts for supposed tax and customs violations or other pretexts for hefty fines. Business leaders who stuck by Assad have been detained and pressured to cough up money to supposed charities that are widely seen as Assad slush funds.

According to the Washington Post, the moves are part of what one Dubai-based Syrian executive called a “mafia-style money grab.”

It added that even members of the Assad family have not been spared. Last year, Assad stripped his cousin Rami Makhlouf of companies and assets that had once been part of a massive portfolio estimated by Syria experts to be worth as much as $10 billion.

To read full investigation, click below
Source: washingtonpost

Daesh bride families treated as suspects and criminals by British police Mohammed bin Salman to start tour of Gulf Arab states on Monday

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”