Syrian Kurds Frustrated with Damascus Over Exclusion from Transitional Govt Formation

Syrian Kurds celebrate in Qamishli the agreement between the Syrian administration and the SDF (Archive - Reuters).
Syrian Kurds celebrate in Qamishli the agreement between the Syrian administration and the SDF (Archive - Reuters).
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Syrian Kurds Frustrated with Damascus Over Exclusion from Transitional Govt Formation

Syrian Kurds celebrate in Qamishli the agreement between the Syrian administration and the SDF (Archive - Reuters).
Syrian Kurds celebrate in Qamishli the agreement between the Syrian administration and the SDF (Archive - Reuters).

Discontent among Syria’s Kurds has been evident following their exclusion from consultations regarding the formation of the transitional government, which is set to be announced by Damascus within hours. The Kurdish National Council (KNC) has confirmed its decision to boycott the government’s inauguration ceremony, despite receiving an official invitation to attend.
Speaking to Asharq Al-Awsat, KNC spokesperson Faisal Youssef stated that the new administration in Damascus “did not engage with us regarding the formation of this government, nor did it consult us in selecting its members or portfolios.”
He emphasized that Kurdish political forces are the sole representatives and defenders of Kurdish rights, adding: “We are not interested in merely attending the announcement ceremony; our concern is ensuring our people’s demands are constitutionally recognized.”
Youssef further clarified that the Kurdish bloc was not offered participation in the upcoming government. Expressing his disappointment, he said: “We had hoped the new administration would acknowledge the demands of the Kurdish people, who constitute the country’s second-largest ethnic group, and grant them their rights as partners in building a new Syria.”
The constitutional declaration grants President Ahmad Al-Sharaa sweeping powers to manage the transitional phase but fails to meet the aspirations of minorities, including Kurds and Christians. These groups fear the reproduction of an authoritarian regime, as the declaration sets the transitional period at five years and grants the president control over legislative, executive, and judicial authorities, despite nominally upholding the principle of “separation of powers.”
Zaid Sefouk, from the Independent Kurdistan Movement, told Asharq Al-Awsat that the Al-Sharaa government “lacks legitimacy from the people, was formed through unilateral decision-making, and represents a single political faction. It will not be capable of governing Syria or overcoming the destruction left behind by the ousted Ba’athist regime.”
Previously, Al-Sharaa had signed a so-called historic agreement with Mazloum Abdi, commander of the Syrian Democratic Forces (SDF). The agreement stipulated the integration of the civil and military institutions of the Autonomous Administration, which is controlled by the SDF in northeastern Syria, into the structures of the central government. It also placed border crossings, Qamishli Airport, and oil, gas, and energy fields in Deir ez-Zor under the central administration in Damascus.
The agreement allows technical committees time to negotiate the details until early next year, providing the SDF an opportunity to push for its demands.
Sources familiar with the government formation have indicated that ministerial positions will be assigned to Kurdish figures. However, when asked about these individuals or political blocs expected to participate, Faisal Youssef denied any contact between the new administration and the Kurdish political movement or any party regarding government participation.
He said: “There has been no discussion with us about the basis on which any Kurdish representatives would join, their level of representation for Kurdish regions, or how our national demands would be met within the framework of state institutions.”
Since its establishment in mid-2014, the Autonomous Administration of North and East Syria has governed civil councils across four provinces: Hasakah, Raqqa, parts of Deir ez-Zor, and the city of Ain al-Arab (Kobani) in eastern Aleppo. This region holds 90% of Syria’s oil and gas reserves.

 



Investors Eye Syria After Trump Sanctions Move

Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
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Investors Eye Syria After Trump Sanctions Move

Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 
Syrian watch a televised speech of President Ahmed al-Sharaa at a café in Aleppo (AFP) 

An end to US sanctions on Syria is expected to mark a new era for an economy devastated by 13 years of war, opening the way for investment flows from the Syrian diaspora, Türkiye, and Gulf states that back the new government.

Business executives, Syria's finance minister, and analysts told Reuters they anticipated an influx of capital into the bankrupt economy once sanctions are lifted in line with President Donald Trump's surprise announcement, notwithstanding the many challenges still facing the deeply-fractured nation.

Billionaire Syrian businessman Ghassan Aboud told Reuters he was making plans to invest, and expected other Syrians with international business ties to be doing the same.

“They were scared to come and work in Syria due to the sanctions risks ... This will completely disappear now,” said Aboud, who lives in the UAE.

“I'm of course planning to enter the market, for two reasons: I want to help the country recover in any way possible, and second, the ground is fertile: any seed planted today can result in a good profit margin,” he said, outlining a multi-billion dollar plan to boost Syrian art, culture and education.

The lifting of sanctions would radically reshape an economy already set on a new course by Syria's new rulers, who have pursued free-market policies and shifted away from the state-led model adopted during five decades of rule by the Assad family.

The United States and other Western powers imposed tough sanctions on Syria during the war that spiraled out of protests against Bashar al-Assad's rule in 2011.

Syrian President Ahmed al-Sharaa said in a televised address late on Wednesday, that Trump's decision was historic and brave, and vowed that Syria would strengthen the investment climate.

“We welcome all investors from our homeland, both at home and abroad, and from our Arab and Turkish brothers and friends around the world,” he said.

The conflict has turned many urban areas to rubble and killed hundreds of thousands of people. More than 90% of the 23 million Syrians live below the poverty line, UN agencies say.

“There's a real chance for a transformational change in Syria and the broader region," said Timothy Ash, senior sovereign strategist for emerging markets at RBC BlueBay Asset Management.

Turkish firms and banks are expected to benefit from the lifting of sanctions, said Onur Genc, chief executive officer of financial group BBVA, whose group comprises Garanti BBVA, the second-largest private bank in Türkiye.

“For Türkiye, it's going to be positive because there's a lot of reconstruction needed in Syria. Who's there to do that? The Turkish companies,” he told Reuters.

“The lifting of the sanctions would allow the Turkish companies to go there now much better, and the Turkish banks to be able to finance them - so it will help,” he said.

Syria’s economy more than halved between 2010 and 2021, official Syrian data cited by the World Bank in 2024 showed. However, this was likely an underestimate, the bank said.

Syria's pound has strengthened since Trump's announcement.

Currency traders said it was hovering between 9,000 and 9,500 to the dollar on Wednesday, compared to 12,600 earlier this week. Before the war in 2011, it traded at 47.

Syrian Finance Minister Yisr Barnieh told Reuters that investors from the United Arab Emirates, Kuwait and Saudi Arabia, among others, had been making inquiries about investing.

“Syria today is a land of opportunities, with immense potential across every sector—from agriculture to oil, tourism, infrastructure, and transportation,” he told Reuters.

“We call on all investors to take this opportunity.”

Watching footage of Trump meeting Sharaa in Riyadh on Wednesday at his Damascus office, Karam Bechara, general manager of Shahba Bank in Syria, described excitement in the business community. “It’s too good to be true,” he said.

“We’re on the right track now internationally unless something happens in Syria that derails the process,” he said.

But Syria remains fragile.

Some armed groups have yet to turn their weapons over to the government, Kurdish autonomy demands are a point of friction, and sectarian violence has left minorities afraid of Sharaa's rule, despite his promises of protection and inclusive governance. Israel opposes Sharaa, saying he remains a jihadist, and has bombed Syria repeatedly.

Jihad Yazigi, editor of a leading newsletter on Syria's economy, Syria Report, said the US decision was transformative because it sent “a very strong political signal” and opened the way for its reintegration with the Gulf, international financial organizations, and Syria's big diaspora in the West.

Imad al-Khatib, a Lebanese investor, said he had accelerated his plans to invest in Syria after Trump's announcement.

Together with Lebanese and Syrian partners, he carried out a feasibility study for a $200 million waste sorting plant in Damascus two months ago. On Wednesday morning, he sent a team of specialists to Syria on Wednesday to begin preparations.

“This is the first step ... and larger steps will follow, God willing. We will certainly work to attract new investors because Syria is much larger than Lebanon,” he told Reuters.