-
The Assad Couple: Are the Presidential Spouses Facing Imminent Collapse?

**December 5, 2024**
By Madeleine Jansen - Head of Foreign Affairs
Fears are escalating among human rights activists as fighters from the Hayat Tahrir al-Sham (HTS) near their grip on the city of Hama, Syria's fourth-largest city. According to reports from the Syrian Observatory for Human Rights, HTS fighters are surrounding the city and have bombarded some of its neighborhoods.
In Berlin, Bashar Assad and his wife Asma once represented a symbol of hope and renewal in the Middle East, but they are now transforming into the "couple of terror." Assad's victorious days are coming to an end as he witnesses the advance of opposition factions in Aleppo and the siege of Hama and Homs, with critical supply routes in the northwest cut off. Despite Assad sending government forces, they remain unable to confront these diverse groups effectively.
Fierce battles have erupted around the city of Hama, with reports indicating that militias have encircled the city from three sides, forcing approximately 150,000 people to flee from the fighting.
#### Assad and His Allies in a Predicament
For over a week, advances by Hayat Tahrir al-Sham and its allies in northern Syria have been recorded, amid a lack of effective strategy from Assad to counter them. This situation is attributed to the waning support from his regional allies:
- **Hezbollah** has become incapacitated due to Israeli pressure.
- **Russia**, which has been a strong ally of Assad since 2015, is now focusing on its wars in Ukraine.
- **Turkey**, under the leadership of Recep Tayyip Erdoğan, supports the Syrian opposition and seizes the opportunity to gain new ground.
#### Assad: A Random Rise to Power
Historically, dictatorial regimes like Assad’s tend to entrench their roots over time. Bashar Assad took power in 2000, though it was not initially planned for him, as he originally aspired to be an ophthalmologist. However, following the death of his older brother Bassel in 1994, he returned to Syria and was groomed to be his father's successor.
#### Asma Assad: From Reformer to System Supporter
Asma Assad began as a potential reformer, encouraging youth to pursue change. However, she later became a key supporter of the regime and has never publicly denounced its practices. Despite being diagnosed with breast cancer in 2018 and later with leukemia, she continued to appear publicly alongside her husband.
#### Russia and Assad: A Tense Relationship
Assad has heavily relied on Russian support to regain control of Syria since 2015, as Russian airstrikes helped retake Aleppo. However, Russia's focus is now more on Ukraine, leaving Assad in a vulnerable position.
#### Assad’s Regime: A Mafia State
Assad has consolidated his power through funds generated from illegal activities, such as the production and trafficking of fentanyl, while his family has amassed properties worth millions of dollars in Europe and Russia.
#### An Imminent End?
As opposition advances continue and Hayat Tahrir al-Sham gains control of new areas, the likelihood of Assad's rule coming to an end increases. Even his allies, like Russia, may find themselves unable or unwilling to rescue him again. Thus, the control over Aleppo may represent the beginning of the end for Assad’s regime, putting the presidential couple in a challenging predicament.
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!