Syria in 2023: Return to Arab League, Open Ground for US-Iran Conflict

Anti-regime protests are held in Sweida in August. (Reuters)
Anti-regime protests are held in Sweida in August. (Reuters)
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Syria in 2023: Return to Arab League, Open Ground for US-Iran Conflict

Anti-regime protests are held in Sweida in August. (Reuters)
Anti-regime protests are held in Sweida in August. (Reuters)

Syria’s reistatement to the Arab League in 2023 after a 12-year suspension did little to improve the economic and security situation in the war-torn country that has effectively become an arena for an American-Iranian conflict.

Syria’s return to the organization did little to lifting sanctions against Damascus, which is still languishing under an economic and financial crisis that has led to a 100% collapse of the pound from 2022. The crushing crisis sparked protests in the southern Sweida city in August.

In February, another disaster struck the country: a devastating earthquake that left 23,000 people dead in Syria and neighboring Türkiye. The tragedy hit regime- and opposition-held regions in Syria’s west and north.

In what was seen as the first step in Damascus’ rapprochement with its Arab fold, countries in the region dispatched urgent aid to the people affected.

Months later in May, Syrian President Bashar al-Assad attended the Arab summit in Jeddah, with Syria’s membership being restored.

At the event, he hoped the summit would “mark the beginning of a new phase of Arab work towards peace in our region, as well as prosperity instead of war and destruction.”

“This is a historic opportunity to rearrange our affairs with minimal foreign meddling,” he added.

Arab leaders at the summit agreed to “bolster joint Arab cooperation to tackle the fallout and repercussions of displacement, terrorism and drug smuggling.” They stressed the need for “effective and tangible steps that would lead to a solution to the crisis in Syria.”

In reality, however, no progress has since been made in the refugee file and the drug smuggling from Syria through Jordan to Arab countries did not stop. Jordanian and Syrian officials even met in July to tackle the phenomenon.

Jordan has reported dozens of smuggling operations throughout the year, most recently four attempts over a four-day period in December.

Jordanian officials said the operations have become “regulated”. Drones are employed in the process that is protected by armed groups. Amman has resorted to air raids on a number of occasions to thwart the smugglers.

On the security level, no radical change took place in 2023. ISIS is still active and continues to launch attacks against government forces and civilians. Notable attacks took place against truffle hunters in February and April. In October, ISIS launched a drone attack against a military academy graduation ceremony in Homs city, leaving at least 100 people dead.

Moreover, little progress has been achieved in unifying authorities in Syria and pushing for the withdrawal of foreign forces.

Hezbollah and allied Iran-aligned militias continue to be deployed in the country. Israel, in turn, has continued to carry out air raids against these groups. These attacks intensified with the eruption of its war on Gaza in October. The raids took Damascus and Aleppo airports out of service for two whole months.

The war on Gaza effectively turned Syria into an open arena for conflict between Iran – through its proxies – and the United States. Pro-Iran militias continued to attack American forces in eastern and northeastern Syria, while they retaliated by striking the militants. The Pentagon had also announced its targeting of Iranian Revolutionary Guards forces in Syria.

Amid the stalemate, the economy continued to crumble, pushing people to the streets in Sweida city in August and they continued through December.

The rallies spread to Daraa, where protesters demanded the ouster of the regime, release of prisoners and implementation of UN Security Council resolution 2254.

The demonstrations also spread to Deir Ezzor, the Aleppo and Idlib countrysides, and some regime-held regions in Damascus and Tartus.

Assad had a busy year, first visiting Jeddah for the Arab summit. He then made official visits to the United Arab Emirates, Russia, where he met President Vladimir Putin, and China, where he met President Xi Jinping.



COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
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COP29 - How Does $300 Billion Stack up?

A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)
A demonstrator sitting on the ground holds a poster during a climate protest in Lisbon, to coincide with the closing of the COP29 Climate Summit Saturday, Nov. 23, 2024. (AP)

Countries agreed at the UN's COP29 climate conference to spend $300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

MILITARY MIGHT

In 2023, governments around the globe spent $6.7 billion a day on military expenditure, according to the Stockholm International Peace Research Institute.

That means the $300 billion annual climate finance target equates to 45 days of global military spending.

BURNING OIL

$300 billion is currently the price tag for all the crude oil used by the world in a little over 40 days, according to Reuters calculations based on global crude oil demand of approximately 100 million barrels/day and end-November Brent crude oil prices.

ELON MUSK

According to Forbes, Elon Musk's net worth stood at $321.7 billion in late November. The world's richest man and owner of social media platform X has co-founded more than half a dozen companies, including electric car maker Tesla and rocket producer SpaceX.

STORM DAMAGE

Hurricane Katrina, one of the most devastating and deadliest cyclones in US history, caused $200 billion in damage alone in 2005.

This year's climate-fueled Hurricane Helene could end up costing up to $250 billion in economic losses and damages in the US, according to estimates by AccuWeather. While preliminary estimates by Morningstar DBRS suggest Hurricane Milton, also supercharged by ocean heat, could cost both the insured and uninsured nearly $100 billion.

BEAUTY BUYS

The global luxury goods market is valued at 363 billion euros ($378 billion) in 2024, according to Bain & Company.

COPPER PLATED

The GDP of Chile - the world's largest copper producing country - stood at $335.5 billion in 2023, according to World Bank data.

GREECE'S BAIL OUT

Euro zone countries and the International Monetary Fund spent some 260 billion euros ($271 billion) between 2010 and 2018 on bailing out Greece - the biggest sovereign bailout in economic history.

BRITISH BONDS

Britain's new government needs to borrow more to fund budget plans. Gilt issuance is expected to rise to 296.9 billion pounds ($372.05 billion) for the current financial year.

TECH TALLY

A 10% share of tech giant Microsoft is worth just over $300 billion, according to LSEG data. Meanwhile the market cap for US oil major Chevron stood at $292 billion.

CRYPTO

The annual climate finance target amounts to 75% of the total value of the global market for crypto currency Ether, the world's second-largest cryptocurrency.

Alternatively, 3 million Bitcoin would cover the annual climate finance target as the world's largest cryptocurrency closes in on the $100,000 mark following a rally fueled by Donald Trump winning the Nov. 5 US presidential election.