City Damascus Financial News

11.12 / 13:29
markets UPS Strategy show rapper reports Will Beyonce stick around with rape accused husband Jay-Z; this is what a close source has said
Beyoncé is putting her family first despite the rapper's rape allegations, sticking by Jay-Z, they'll deal with this together. After Jay-Z was accused of raping a 13-year-old girl during a party with Sean Diddy Combs in 2000, Beyoncé intends to stay married to him. The accusations have been strongly refuted by both rappers. Beyoncé is sticking by Jay, as evidenced by last night's family outing, in reference to the Carters walking the red carpet at Monday night's premiere of Mufasa: The Lion King, as quoted in a report by Page Six.
11.12 / 02:39
Software Southern Inside reports prevention Israel denies forces operating beyond Syrian buffer zone
Israel Defense Forces on Tuesday denied reports that soldiers were operating beyond a buffer zone along the Israel-Syrian border. «Reports circulating in some media outlets claiming that IDF forces are advancing or approaching Damascus are completely incorrect,» tweeted Col. Avichah Adraee, the IDF's Arabic language spokesperson. «IDF forces are present inside the buffer zone and at defensive points close to the border in order to protect the Israeli border.» He was contradicting a Reuters report saying Israeli forces had reached the southern village of Qatana, which is 10 km inside Syria and were within 25 km of Damascus.
10.12 / 09:21
security Strategy President rights International The fall of Assad: What it means for India's strategy in West Asia
Subscribe to enjoy similar stories. The fall of Assad regime in Syria has thrust India into a delicate balancing act. While the streets of Damascus are filled with jubilation, the corridors of power in New Delhi are marked by caution and concern.
10.12 / 02:33
markets UPS Strategy Trade President reports Oil prices ease, but geopolitical risk and China policy stance check losses
Oil prices eased only slightly on Tuesday, holding on to most of their gains from the prior session as mounting geopolitical risk after the fall of Syrian President Bashar al-Assad and China's vow to ramp up policy stimulus kept a floor under prices. Brent crude futures were down 13 cents, or about 0.2%, at $72.01 per barrel. U.S. West Texas Intermediate crude futures were down 14 cents, also 0.2% lower, at $68.23 at 0151 GMT. Both climbed more than 1% on Monday.
09.12 / 21:19
markets Software President reports Schools Videos International Human Slaughterhouse: What is brutal torture device found in Syrian prison? Details here
hydraulic press allegedly used for torture in Syria's Sednaya Prison. Known as the «human slaughterhouse,» the prison has been linked to severe human rights abuses under Assad’s regime.
09.12 / 21:19
markets Strategy Experts show reports shock Videos Shocking Scene: Toddlers among freed inmates at Syrian notorious prison ‘Human Slaughterhouse’
Syrian rebels have taken control of the Saydnaya military prison near Damascus, freeing inmates held under brutal conditions. This event marks a significant turn in Syria’s prolonged conflict as the Assad regime collapses.
09.12 / 19:51
markets Digital Strategy Software country reports Assad in Moscow? Russia refuses to confirm reports
Bashar al-Assad had fled to Moscow, adding that it was «surprised» by the rebel takeover. «As for Mr Assad's whereabouts, I've got nothing to tell you,» Kremlin spokesman Dmitry Peskov told journalists. A Kremlin source told Russian news agencies on Sunday that Assad and his family were in Moscow, hours after he fled the country as Islamist-led rebels entered Damascus. Assad's son has been studying in the Russian capital.
09.12 / 19:51
markets Reuters Digital Strategy Software country 'Iran in direct contact with new leadership in Syria'
Iran has opened a direct line of communication with rebels in Syria's new leadership since its ally Bashar al-Assad was ousted, a senior Iranian official told Reuters on Monday, in an attempt to «prevent a hostile trajectory» between the countries. The lightning advance of a militia alliance spearheaded by Hayat Tahrir al-Sham, a former al-Qaeda affiliate, marked one of the biggest turning points for the Middle East in generations. Assad's fall as president removed a bastion from which Iran and Russia exercised influence across the Arab world. Hours after Assad's fall, Iran said it expected relations with Damascus to continue based on the two countries' «far-sighted and wise approach» and called for the establishment of an inclusive government representing all segments of Syrian society.
09.12 / 17:57
markets Digital Strategy Experts PAM inclusion India bats for Syria's territorial integrity
India also called for an inclusive Syrian-led political process that represents aspirations of all sections of the Syrian society that includes Alwaites (Hafez Al-Assad is an Alawite), Kurds and other minorities. In a clear-eyed statement, the external affairs ministry noted, «We are monitoring the situation in Syria in the light of on-going developments. We underline the need for all parties to work towards preserving the unity, sovereignty and territorial integrity of Syria. We advocate a peaceful and inclusive Syrian-led political process respecting the interests and aspirations of all sections of Syrian society. Our Embassy in Damascus is in contact with the Indian community, for their safety and security.»
09.12 / 14:07
Action Refugees President country prevention US scrambles to shape post-Assad Syria but has to overcome years of disengagement
Subscribe to enjoy similar stories. WASHINGTON—The unexpectedly rapid downfall of President Bashar al-Assad in Syria has turned the country’s future from a back-burner issue to a suddenly high stakes concern for the departing Biden administration—and almost certainly for Donald Trump. U.S.
09.12 / 08:37
Action War country Assad falls thanks to a weak Tehran
Subscribe to enjoy similar stories. The fall of Bashar al-Assad’s regime in Syria marks the eclipse of Iran’s self-styled axis of resistance in the Middle East. While the successful advance of the Syrian Sunni insurgents into Damascus seemed sudden, it didn’t happen overnight.
09.12 / 03:31
markets Digital Strategy War International Analysis: Collapse of Syria's Assad is a blow to Iran's 'Axis of Resistance'
Iran's theocratic government, it keeps getting worse. Its decades-long strategy of building an «Axis of Resistance» supporting militant groups and proxies around the region is falling apart. First came the crushing Israeli campaign in Gaza triggered by the October 7, 2023, attack on Israel by Iranian-backed Hamas. That war spawned another in Lebanon, where Israel has mauled Iran's most powerful ally, Hezbollah, even as Israel has launched successful airstrikes openly inside of Iran for the first time. And now Iran's longtime stalwart ally and client in Syria, President Bashar Assad, is gone. As dawn broke Sunday, rebel forces completed a lightning offensive by seizing the ancient capital of Damascus and tearing down symbols of more than 50 years of Assad's rule over the Mideast crossroads.
08.12 / 15:09
markets Provident Citizens WhatsApp War country travelers Indians in Syria safe, embassy in Damascus remains open: Sources
Indian Embassy in Damascus remains operational and is in constant communication with Indian nationals in Syria, sources confirmed. As the violence in Syria escalates, the embassy continues to provide support to the 90 Indian nationals in the country, ensuring their safety amidst the conflict.
08.12 / 14:39
markets Man Software War show voice Videos Syria civil war: Bewildered, elated prisoners pour out as President Assad's jails flung open
Bashar al-Assad's government. All across Syria, families wept as they were reunited with children, siblings, spouses and parents who vanished years ago into the impregnable gulag of the Assad dynasty's five-decade reign. Newly freed prisoners ran through the Damascus streets holding up the fingers of both hands to show how many years they had been in prison, asking passers-by what had happened, not immediately understanding that Assad had fallen.
08.12 / 13:09
markets Election President country shock Syria's Baath party oversaw half a century of repression
Assad dynasty was a feared instrument of repression, ruthlessly ruling over the country until Sunday when the government collapsed under a shocking rebel offensive. In 2011, President Bashar al-Assad — who has reportedly fled the country as rebels took Damascus — cracked down on peaceful pro-democracy protesters with bullets when the Arab Spring reached Syria. Like his father Hafez before him, Bashar chose force to fight any opposition for the 24 years that he ruled the country.
08.12 / 13:09
markets community War country Videos Interviews Who is Abu Mohammed al-Golani, leader of insurgency that toppled Syria's Assad?
Abu Mohammed al-Golani, the militant leader whose stunning insurgency toppled Syria's President Bashar Assad, has spent years working to remake his public image, renouncing longtime ties to al-Qaida and depicting himself as a champion of pluralism and tolerance. In recent days, the insurgency even dropped his nom de guerre and began referring to him by his real name, Ahmad al-Sharaa. The extent of that transformation from jihadi extremist to would-be state builder is now put to the test. Insurgents control capital Damascus, Assad has fled into hiding, and for the first time after 50 years of his family's iron hand, it is an open question how Syria will be governed. Syria is home to multiple ethnic and religious communities, often pitted against each other by Assad's state and years of war. Many of them fear the possibility Sunni Islamist extremists will take over. The country is also fragmented among disparate armed factions, and foreign powers from Russia and Iran to the United States, Turkey and Israel all have their hands in the mix.
08.12 / 13:09
markets Citi War show stage International Where is Bashar al-Assad? Speculation grows as Syrian leader’s whereabouts remain a mystery
Bashar al-Assad’s long-standing reign. The capture of the Syrian capital comes after rebels seized northern Aleppo last week and rapidly advanced southwards, overrunning key cities like Homs. The takeover severed Damascus from the Alawite-dominated coastal regions, long considered Assad’s stronghold. Two senior Syrian military officials confirmed that Assad fled the capital aboard a plane on Sunday. Flightradar24 data showed a Syrian Air aircraft departing Damascus but abruptly vanishing from radar. Speculation abounds about whether the plane’s transponder was deactivated or if it was downed. “It disappeared off the radar, possibly the transponder was switched off, but I believe the bigger probability is that the aircraft was taken down,” a source stated, speaking anonymously.
08.12 / 10:09
markets Citi Strategy President Experts War country Why Syria's Jolani, moderate leader behind Assad’s downfall, who was once an extremist because of 9/11 attackers changed his approach later
rebels who led the movement to topple the Assad's rule have said that Abu Mohammed al-Jolani is the leader of the Islamist alliance that spearheaded an offensive and allowed the overthrow to be possible. Jolani heads Hayat Tahrir al-Sham (HTS), which is rooted in Syria's branch of Al-Qaeda. He is an extremist who adopted a more moderate posture in order to achieve his goals. On Sunday, as the rebels entered Damascus, he ordered all military forces in the capital not to approach public institutions.
08.12 / 07:35
markets Strategy Software President Experts War country Bashar Assad: How a novice eye doctor and his minority family ruled Sunni-majority Syria for half a century
Syria, which lasted for more than half a century, has come to a dramatic end after a decade-long bloody civil war. Rebel forces breached the regime’s seat of power in Damascus, prompting President Bashar al-Assad, an ophthalmologist, to flee. This marks the collapse of the Assad family's long-standing rule over the country.
08.12 / 07:35
markets security Strategy Software Experts International Israel deploys forces in demilitarised buffer zone along northern frontier with Syria
Israeli military said Sunday it also sent troops to «other places necessary for its defence,» and that the force deployment was meant to provide security for residents of the Israeli-controlled Golan Heights. It added it was «not interfering with the internal events in Syria.» Israel captured that territory from Syria in the 1967 Mideast war and later annexed it, a move not recognized by much of the international community, which views the territory as occupied. A later ceasefire agreement created a demilitarised buffer zone between the two countries' territories, prohibiting military presence or activity from either side in the area. United Nations peacekeepers have patrolled the area since 1974.
08.12 / 05:19
markets Citi Strategy Software President country Fighters opposed to President Assad's rule are gaining ground in Syria. Who are these rebels, and what do they want?
In a reversal, President Bashar al-Assad has fled the country as his forces abandon territory with little resistance, marking a pivotal shift in the 13-year civil war. For the first time since 2018, opposition groups have breached the defenses of Damascus, signaling the growing strength of rebel factions determined to overthrow the Assad regime. The question now looms: Who are these fighters, and what comes next if they succeed in toppling Assad’s government?

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