Syria Financial News

This comes amid significant developments in Syria, including the seizure of Damascus by rebel forces and overthrowing the dictator whose whereabouts are not known. There have been reports that Assad's army retreated from the Syrian countryside leaving him alone. Syrians in cities around the world were seen celebrating Bashar al-Assad's ouster. Around six million Syrians became refugees during the brutal 13-year war under Assad’s rule.

Russia’s foreign ministry confirmed Sunday that Assad resigned from his position and left Syria, instructing the government to ensure a peaceful transfer of power, as mentioned in a report by Forbes. According to Moscow, Assad engaged in discussions with various factions involved in the conflict before making the decision to step down.

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.

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.

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.

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.

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.

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.

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.

Bashar Assad attempted to distance themselves after its rapid fall. Syria's al-Watan newspaper, historically pro-government, wrote: «We are facing a new page for Syria. We thank God for not shedding more blood. We believe and trust that Syria will be for all Syrians.» It added that media workers should not be blamed for publishing government statements in the past.

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.

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?

The Syrian Observatory for Human Rights (SOHR) reported on Sunday that Assad may have fled Syria, citing sources that claim he departed via Damascus International Airport after a series of rapid and surprising territorial losses to advancing rebel forces. This information, however, has not been independently verified by international agencies, deepening the mystery surrounding Assad’s current location and the stability of his regime.

Bashar al-Assad oversaw a merciless crackdown on a pro-democracy revolt that morphed into one of the bloodiest wars of the century. On Sunday, as rebels entered the capital, a Syrian war monitor said he had left the country, in what could spell the end not just of his 24-year rule but the downfall of his clan's five-decade reign. After facing down nationwide protests demanding his ouster and an armed rebellion that he all but crushed, Assad had — until a lightning rebel offensive — taken back control of much of Syria in the civil war that began in 2011.

Catch LIVE updates of Syrian Crisis with MintSyria War Live: X account ‘War Monitor’ hailed ‘first day in the next era of the Levant’ after rpeorts of Assad fleeing and his decade long regime falling into the hands of rebels emerged. Syria War Live: Syrian rebels say it is prohibited to go near public institutions that will remain under the supervision of the ‘former PM’, reports War MonitorSyria War Live: People celebrate in joy as military informs that the Assad regime has felled.

Subscribe to enjoy similar stories. SYRIANS HAVE seen these scenes before: their countrymen tearing down posters of Bashar al-Assad, overrunning his army bases, storming the jails where he keeps political prisoners. But that was ten years ago and more, and they had not expected to see them again, certainly not now, and not with this air of finality.

Donald Trump said on Saturday that the US military should stay out of the escalating conflict in Syria as a shock opposition offensive closes in on the capital, declaring in a social media post, «THIS IS NOT OUR FIGHT.» With world leaders watching the rapid rebel advance against Syria's Russian-and Iranian-backed president, Bashar Assad, President Joe Biden's national security adviser separately stressed that the Biden administration had no intention of intervening. «The United States is not going to… militarily dive into the middle of a Syrian civil war,» Jake Sullivan told an audience in California. He said the US would keep acting as necessary to keep the Islamic State — a violently anti-Western extremist group not known to be involved in the offensive but with sleeper cells in Syria's deserts — from exploiting openings presented by the fighting.

Bashar Assad was in serious trouble was 10 years ago, at the height of the country's civil war, when his forces lost control over parts of the largest city, Aleppo, and his opponents were closing in on the capital, Damascus. Back then, he was rescued by his chief international backer, Russia, and longtime regional ally Iran, which along with Lebanon's powerful Hezbollah militia helped Assad's forces retake Aleppo, tipping the war firmly in his favor. Now, as insurgents pursue a shock offensive that quickly captured not just Aleppo, but other key cities across the country's northwest and in the south, reaching the suburbs of the capital Damascus, the Syrian leader appears to be largely on his own.

During his panel discussion at the Doha Forum in Qatar, the Foreign Minister was asked this question, to which he responded, saying, «We've been trying to attract them into the Indian sphere.» Jaishankar was adressing the 22nd edition of the Doha Forum panel on 'Conflict Resolution in a New Era' where Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thand Norway Foreign Minister, Espen Barth Eide were also present.

Geir Pedersen, has called for urgent talks in Geneva to ensure an "orderly political transition" in Syria. Speaking to reporters at the annual Doha Forum in Qatar, he said the talks in Switzerland would discuss the implementation of a UN resolution that called for a Syrian-led political process.

«Hezbollah sent 2,000 fighters to the Qusayr area… to defend its positions there and has not yet participated in any battles» with Syrian rebels, the source told AFP, requesting anonymity to discuss sensitive matters. The rebel coalition in Syria has already seized two of Syria's main cities, Aleppo in the north and Hama in the centre.