Syria’s new Islamist leaders are undertaking a radical overhaul of the country’s broken economy, including plans to fire a third of all public sector workers and privatising state-run companies dominant during half a century of Assad family rule. The pace of the declared crackdown on waste and corruption, which has already seen the first layoffs just weeks after rebels toppled Assad on Dec. 8, has triggered protests from government workers, including over fears of a sectarian jobs purge. There is now a major shift to “a competitive free-market economy,” Syria’s new economy minister, 40-year-old former energy engineer Basil Abdel Hanan, told media.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Orban suggests Hungary might leave ICC after Trump’s move

Hungarian Prime Minister Viktor Orban, a staunch ally of Trump, says the…

Brazil’s Lula heads to China to boost ties

Brazilian President Luiz Inacio Lula da Silva has left for an official…

UAE delivers winter aid to Gaza

Two UAE convoys carrying essential supplies and winter aid have entered Gaza…

Taiwan reports more Chinese military activity as election approaches

Taiwan has reported Chinese warplanes and warships around the island on Saturday,…