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Your email address will not be published.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

No stability in Middle East without Palestinian state: King Abdullah

Jordan’s King Abdullah said on Wednesday no peace was possible in the…

Northern Ireland to boycott White House event over Trump’s Gaza plan

Northern Ireland First Minister Michelle O’Neill says she will not attend St…

Pope Francis calls for peace, climate action in Cop28 address

Faith added a powerful voice to efforts to save the planet on…

Israel to freeze Palestinian Authority funds over ‘support’ for Hamas

Israel’s Finance Minister Bezalel Smotrich has instructed his ministry to halt funds…