Syria Ambassador to Iraq says he's joining the Revolution
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Thu July 12, 2012 11:54 am

SYRIA. Syria's ambassador to Iraq, who defected yesterday, said the government of President Bashar al- Assad has turned the ruling Baath party into “an instrument to kill people.”

Nawaf al-Fares is the first Syrian ambassador to abandon the government since the uprising against Assad began in March 2011. Mohammed Bassam Imadi, a former Syrian ambassador to Sweden, defected a few months ago and is now a member of the Syrian National Council, the main opposition group. Last month, a Syrian air force colonel flew a fighter jet into neighboring Jordan, where he was granted political asylum.

Al-Fares’s resignation came less than a week after the announcement that Brigadier-General Manaf Tlas, a childhood friend of Assad’s and part of his inner circle, had fled. Unlike Tlas, who has remained silent and hasn’t openly announced his defection, al-Fares said he’s “joining the revolution.”

“I resign from my mission as the ambassador of the Syrian Arab Republic to Iraq,” al-Fares said in a statement to Al- Jazeera television. “I call upon the honorable members of the party to follow my lead. I also call on all the honorable and free Syrians, especially military personnel, to immediately join the revolution.”

Assad’s government is fighting an insurrection that has killed at least 17,000 people, including more than 4,000 members of the Syrian military, according to Rami Abdel Rahman, head of the Syrian Observatory for Human Rights. At least 78 people were killed yesterday, the Local Coordination Committees in Syria said in an e-mail. Authorities have portrayed the unrest as a conspiracy and the protesters as radical Islamists.

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MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
date:Posted: September 1, 2014
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
JORDAN. The market recorded an increase in profit after tax to JOD 13.7 million in 2013, stemming from improved returns on underwriting and investment activities. Partially assisting this recovery has been the bullish performance of the Amman stock exchange.
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