-
Assad, Elections and the Future of Syria

After nearly twenty-one years in power, a decade of which has been spent presiding over the worst conflict in the young country’s history, President Bashar al-Assad faces the electorate this Wednesday for what is widely ridiculed around the world as the shammest of sham elections.
Back in 2000 the young leader was confirmed with 97.29% of the vote, a 2007 referendum on his leadership saw his popularity rise slightly to 97.6% of the vote although again he was running unopposed. In 2014 Assad’s share of the vote plummeted to 92.20% and it is an open question as to whether the leadership in Damascus would want this year’s result to be back up in the high 90s or perhaps show a more humble, contrite President by seeing results dip into the 80s.
Regardless of the exact size of his mandate the elections are of course a formality rather than a genuine crossroads for the country. They are important to a regime that values the illusions of normal institutions despite knowing full well that real power is vested elsewhere. Observers and analysts have described the process as a ‘pledge of loyalty’ and there have already been scenes of Syrians voting in Lebanon being attacked for their troubles.
Whereas upon ascending the throne Bashar was seen as a reformer and his early years saw a brief ‘Damascus Spring’ characterised by less restrictions to free speech and debate, today he rules over only parts of the country and is reliant on foreign powers for his place in the Presidential palace. Whilst the civil war is no longer lapping onto his doors in Damascus the attempt to shift a focus to reconstruction and normalisation has largely failed and the country is now wrapped in a triple crisis of Covid, conflict and economic crisis.
The economic crisis is the most insidious and when combined with the rampant corruption that is endemic in the country it is the recipe for future troubles unforeseen. Schoolteachers complain (anonymously) that the cost of a shawarma is half their monthly salary, queues for petrol snake for miles and the majority (80%) of the country’s population is now mired in poverty.
Such conditions would normally be the backdrop for a political revolution and the emergence of a new leadership that could offer a hopeful vision for the future. Yet looking at the individual faces of those pro-Regime supporters at the organised rallies you can’t help but wonder what future they feel Assad can deliver. Regardless of how much power he has now ceded to his Russian and Iranian allies much of the world cannot seemingly countenance any engagement with Syria under his rule.
The country has of course endured periods of isolation before but never in the aftermath of so many combined crises. In addition to conflict, covid and the economy is the rapid decline of the country’s environment. Agricultural production, in particular strategic crops, has been affected by the severe drought resulting from rainfall levels that barely reached 60 percent of the annual average, and the increase in temperatures of six to seven degrees above the average.
Syria was struggling to sustain its population despite the fact that millions have already fled the country over the last ten years and the climate crisis just makes this even worse. Yet in the spirit of the election food baskets and extra subsidies, not to mention presidential pardons and prisoner releases, will paint a picture of unity and resistance from the perspective of the Assad regime. However, the fact that the elections are proceeding along the current lines is another body blow to the UN led peace efforts. These were once envisaged to deliver a major roadmap to a transitional government or something more politically radical, but now can barely impact on a focused constitutional agenda.
What the elections will do, if nothing else, is remind Syrians, the region and the world of the different routes the country could have gone down rather than the current one that has seen the ill-fated stewardship of the Assad dynasty for over half a century. Confirming another seven years of Bashar al-Assad will tie the country’s fate to a leader who has brought Syrians neither prosperity nor greater freedoms and it will anchor its ability to forge a brighter and more hopeful future ahead.
by: James Denselow
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!