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June 17, 2011

Makhlouf quits profits when the economy slows down

June 17, 2011

June 17, 2011

Given the state of the Syrian economy, giving away profits doesn't mean much. The Syrian regime is a master in going way below expectations; it only enforces one's belief that it must go now, and there is no place for trust in any reform this regime undertakes. Rami Makhouf gives away his profits and keeps his Syria-Tel share.

"Syrian tycoon Rami Makhlouf, a cousin of President Bashar al-Assad and focus of anti-corruption protests, is quitting business, state media said, in a major concession to demonstrations against Assad's rule".

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