US State Department Reveals Assad Family’s Net Worth

US Department of State (Asharq Al-Awsat)
US Department of State (Asharq Al-Awsat)
TT
20

US State Department Reveals Assad Family’s Net Worth

US Department of State (Asharq Al-Awsat)
US Department of State (Asharq Al-Awsat)

The US Department of State issued a highly anticipated report to Congress on the estimated net worth and known sources of income of Syrian President Bashar Assad and his family, estimated at between $1-2 billion.

The report examines the finances of Bashar Assad and his wife Asma, Bashar’s brother Maher and sister Bushra, Bashar’s cousins Rami and Ihab Makhlouf, and Bashar’s uncle Rifaat Assad.

The State Department did not have sufficient information on the net worth of Bashar Assad’s three children, Hafez, Zayn, and Karim, which could generate criticism in Congress.

The report is binding to the administration after Congress passed a law asking it to be submitted periodically.

“Estimates based on open-source information generally put the Assad family net worth at between $1-2 billion, but this is an inexact estimate which the Department is unable to independently corroborate,” read the report.

The Department claimed that it was difficult to accurately estimate the net worth of Assad and his extended family members because family assets are believed to “be spread out and concealed in numerous accounts, real estate portfolios, corporations, and offshore tax havens.”

The report argues that “any assets located outside of Syria and not seized or blocked are likely held under false names or by other individuals, to obscure ownership and evade sanctions.”

Meanwhile, the Syrian President appointed Major General Ali Abbas as the new Defense Minister, succeeding General Ali Ayoub, in the fifth change to this position since 2011.

Ayoub, former army chief of staff, was appointed by Assad in 2018.

It is not unusual to change senior officials in high ministerial positions in Syria.



How Did Iraq Survive ‘Existential Threat More Dangerous than ISIS’?

Iraqi sheikhs participate in a solidarity demonstration with Iran on a road leading to the Green Zone, where the US Embassy is located in Baghdad (AP). 
Iraqi sheikhs participate in a solidarity demonstration with Iran on a road leading to the Green Zone, where the US Embassy is located in Baghdad (AP). 
TT
20

How Did Iraq Survive ‘Existential Threat More Dangerous than ISIS’?

Iraqi sheikhs participate in a solidarity demonstration with Iran on a road leading to the Green Zone, where the US Embassy is located in Baghdad (AP). 
Iraqi sheikhs participate in a solidarity demonstration with Iran on a road leading to the Green Zone, where the US Embassy is located in Baghdad (AP). 

Diplomatic sources in Baghdad revealed to Asharq Al-Awsat that Iraqi authorities were deeply concerned about sliding into the Israeli-Iranian war, which they considered “an existential threat to Iraq even more dangerous than that posed by ISIS when it overran a third of the country’s territory.”

The sources explained that “ISIS was a foreign body that inevitably had to be expelled by the Iraqi entity, especially given the international and regional support Baghdad enjoyed in confronting it... but the war (with Israel) threatened Iraq’s unity.”

They described this “existential threat” as follows:

-When the war broke out, Baghdad received messages from Israel, conveyed via Azerbaijan and other channels, stating that Israel would carry out “harsh and painful” strikes in response to any attacks launched against it from Iraqi territory. The messages held the Iraqi authorities responsible for any such attacks originating from their soil.

-Washington shifted from the language of prior advice to direct warnings, highlighting the grave consequences that could result from any attacks carried out by Iran-aligned factions.

-Iraqi authorities feared what they described as a “disaster scenario”: that Iraqi factions would launch attacks on Israel, prompting Israel to retaliate with a wave of assassinations similar to those it conducted against Hezbollah leaders in Lebanon or Iranian generals and scientists at the start of the war.

-The sources noted that delivering painful blows to these factions would inevitably inflame the Shiite street, potentially pushing the religious authority to take a strong stance. At that point, the crisis could take on the character of a Shiite confrontation with Israel.

-This scenario raised fears that other Iraqi components would then blame the Shiite component for dragging Iraq into a war that could have been avoided. In such circumstances, the divergence in choices between the Shiite and Sunni communities could resurface, reviving the threat to Iraq’s unity.

-Another risk was the possibility that the Kurds would declare that the Iraqi government was acting as if it only represented one component, and that the country was exhausted by wars, prompting the Kurdish region to prefer distancing itself from Baghdad to avoid being drawn into unwanted conflicts.

-Mohammed Shia Al Sudani’s government acted with a mix of firmness and prudence. It informed the factions it would not tolerate any attempt to drag the country into a conflict threatening its unity, while on the other hand keeping its channels open with regional and international powers, especially the US.

-Iraqi authorities also benefited from the position of Iranian authorities, who did not encourage the factions to engage in the war but instead urged them to remain calm. Some observers believed that Iran did not want to risk its relations with Iraq after losing Syria.

-Another significant factor was the factions’ realization that the war exceeded their capabilities, especially in light of what Hezbollah faced in Lebanon and the Israeli penetrations inside Iran itself, which demonstrated that Israel possessed precise intelligence on hostile organizations and was able to reach its targets thanks to its technological superiority and these infiltrations.

-The sources indicated that despite all the pressure and efforts, “rogue groups” tried to prepare three attacks, but the authorities succeeded in thwarting them before they were carried out.

The sources estimated that Iran suffered a deep wound because Israel moved the battle onto Iranian soil and encouraged the US to target its nuclear facilities. They did not rule out another round of fighting “if Iran does not make the necessary concessions on the nuclear issue.”