Syrian Regime Launches Campaign Against Businessmen to Back the Lira

A currency exchange shop in Syria's Azaz. Reuters file photo
A currency exchange shop in Syria's Azaz. Reuters file photo
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Syrian Regime Launches Campaign Against Businessmen to Back the Lira

A currency exchange shop in Syria's Azaz. Reuters file photo
A currency exchange shop in Syria's Azaz. Reuters file photo

The Syrian regime is forcing entrepreneurs and businessmen to pay millions of US dollars to the Central Bank to save the country from bankruptcy.

A meeting held at the Sheraton Hotel in Damascus on Saturday was attended by Syria’s Central Bank Governor Hazem Karfoul, and businessmen Samer Foz, Mohammad Hamsho, Waseem al-Qattan, brothers Hossam and Bara’ al-Katerji, in addition to Ghassan al-Qala'a, chairman of Damascus Chamber of Commerce. It aimed to discuss an initiative announced by the businessmen to increase the deteriorating value of the Syrian lira to the US dollar.

The gathering was held behind closed doors and under strict confidentiality. Later, reports said that Foz had made a 10-million-dollar pledge to support the Syrian lira.

Economic experts told Asharq Al-Awsat that the Central Bank governor is exerting pressure on the businessmen to release funds.

Other than Foz, none of them announced following Saturday’s meeting, his intention to secure funds.

“The businessmen believe the regime is seeking to take over their assets, despite having amassed their great wealth illegally and under the gaze of the regime,” the experts said.

Persons familiar with the meeting told Asharq Al-Awsat that following two hours of closed-door talks, none of the conferees made a statement to the press.

On its Facebook page, the Damascus Chamber of Commerce said that participants agreed to deposit money in US dollar, each according to his ability, in an attempt to increase the value of the Syrian pound against the dollar.

Early this month, Damascus residents were shocked after the Syrian pound weakened to its lowest level as the pound closed at 691 against the dollar in the streets while it stood at 438 pounds per dollar at the daily benchmark set by the Central Bank.

The regime’s campaign against Syrian businessmen started when reports said that head of the Syrian regime, Bashar Assad, ordered measures against companies owned by his cousin, Rami Makhlouf, in Syria.

The measures involved action against Makhlouf’s shares in the state-owned Syrian Telecom Company (Syriatel), the country’s biggest mobile phone company.



Israel’s Army Says It Will Fire Air Force Reservists Who Condemned Gaza War

An Israeli army vehicle moves in the Gaza Strip as seen from southern Israel, Jan. 16, 2025. (AP)
An Israeli army vehicle moves in the Gaza Strip as seen from southern Israel, Jan. 16, 2025. (AP)
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Israel’s Army Says It Will Fire Air Force Reservists Who Condemned Gaza War

An Israeli army vehicle moves in the Gaza Strip as seen from southern Israel, Jan. 16, 2025. (AP)
An Israeli army vehicle moves in the Gaza Strip as seen from southern Israel, Jan. 16, 2025. (AP)

Israel's military said Friday it will fire air force reservists who signed an open letter that condemns the war in Gaza for only serving political interests instead of bringing the hostages home.

In a statement to The Associated Press, an army official said there was no room for any individual, including reservists on active duty, “to exploit their military status while simultaneously participating in the fighting,” calling the letter a breach of trust between commanders and subordinates.

The army said it had decided that any active reservist who signed the letter will not be able to continue serving. It did not specify how many people that included or if the firings had begun.

Nearly 1,000 Israeli Air Force reservists and retirees signed the letter, published in Israeli media Thursday, demanding the immediate return of the hostages, even at the cost of ending the fighting.

The letter comes as Israel ramps up its offensive in Gaza, trying to pressure Hamas to agree to free hostages, 59 of whom are still being held, more than half of which are dead. Israel's imposed a blockade on food, fuel and humanitarian aid that has left civilians facing acute shortages as supplies dwindle. It has pledged to seize large parts of the Palestinian territory and establish a new security corridor through it.

While the soldiers who signed the letter didn’t refuse to keep serving, it’s part of a growing number of Israeli soldiers speaking out against the 18-month conflict, some saying they saw or did things that crossed ethical lines.

“It’s completely illogical and irresponsible on behalf of the Israeli policy makers ... risking the lives of the hostages, risking the lives of more soldiers and risking lives of many, many more innocent Palestinians, while it had a very clear alternative,” Guy Poran, a retired Israeli Air Force pilot who spearhead the letter told The AP.

He said he's not aware of anyone who signed the letter being fired, and since it was published, it has gained dozens more signatures.

Israel’s Prime Minister, Benjamin Netanyahu downplayed the letter on Friday, saying it was written by a “small handful of weeds, operated by foreign-funded NGOs whose sole goal is to overthrow the right-wing government.” He said anyone who encourages refusal will be immediately dismissed.

Soldiers are required to steer clear of politics, and they rarely speak out against the army. After Hamas stormed into Israel on Oct. 7, 2023, Israel quickly united behind the war launched against the group. Divisions here have grown as the war progresses, but most criticism has focused on the mounting number of soldiers killed and the failure to bring home hostages, not actions in Gaza.

The war in Gaza shows no signs of slowing.

Since Israel ended an eight-week ceasefire last month, it said it will push further into Gaza until Hamas releases the hostages. More than 1,000 people have been killed in Gaza since the ceasefire collapsed, according to the United Nations.

The Israeli military on Friday issued an urgent warning to residents in several neighborhoods in northern Gaza, calling on them to evacuate immediately. At least 26 people have been killed and more than 100 others wounded in the last 24 hours, according to Gaza's Health Ministry, which doesn't distinguish between civilians and combatants.

Palestinians lined up at a charity kitchen Friday in central Gaza said shortages of food, fuel and other essentials are worsening.

“There is no flour or gas or wood. Everything is expensive and there is no money," said Reem Oweis, a displaced woman from al-Mughraqa in south Gaza, waiting in line for a serving of rice, the only food available.

“I completely rely on charity kitchens. If those charity kitchens close, my children and I will die,” said another displace woman, Nema Faragallah.

Also this week, Brazil's Embassy in the West Bank said it had requested the immediate release of the body of a 17-year-old Palestinian prisoner who died in Israeli custody.

A representative from Brazil's office in Ramallah, told the AP it was helping the family speed up the process to bring Walid Ahmad's body home. Ahmad had a Brazilian passport.

According to an Israeli doctor who observed the autopsy, starvation was likely the primary cause of his death.

Ahmad had been held for six months without being charged. He was extremely malnourished and also showed signs of inflammation of the colon and scabies, said a report written by Dr. Daniel Solomon, who watched the autopsy, conducted by Israeli experts, at the request of the boy’s family.

Israel’s prison service said it operates according to the law and all prisoners are given basic rights.