Interpreting Middle East Economic News and Analyzing Market Trends

Israel has nothing to gain by bombing Syria

Israel launched its second air strike on military targets in Syria on Sunday.  The first strike was on Friday near Syria’s border with Lebanon.  The latest strike was near Damascus, the capital.  The first strike was said to target Hezbollah, which is Israel’s sworn enemy.  Israel, however, has nothing to gain by targeting Damascus.


Israeli strikes on Syrian army targets show co-ordination with “terrorists” including al-Qaeda linked militants, the Syrian foreign ministry has said.

The strikes had led to a number of casualties and widespread damage, it reported in a letter sent to the UN.

State media said a research centre and other sites had been hit overnight. Israeli sources said weapons bound for Hezbollah in Lebanon were the target.

The strike, the second in two days, drew condemnation from the Arab League.

Syria’s government refers to rebels fighting against it as “terrorists”.

On Friday, Israeli aircraft hit a shipment of missiles near the Lebanon border, according to unnamed US and Israeli officials.

The BBC’s Yolande Knell in Jerusalem says the latest developments are a significant escalation in Israel’s involvement in the conflict.

The Syrian foreign ministry statement said three military sites had been hit – a research centre at Jamraya, a paragliding airport in the al-Dimas area of Damascus and a site in Maysaloun.

“The flagrant Israeli attack on armed forces sites in Syria underlines the co-ordination between ‘Israel’, terrorist groups and… the al-Nusra Front,” the statement said, referring to al-Qaeda militants fighting with the rebels.

“The Israeli attack led to the fall of a number of martyrs and wounded from the ranks of Syrian citizens, and led to widespread destruction in these sites and in the civilian districts near to them.”

The statement added: “This leaves no room for doubt Israel is the beneficiary, the mover and sometime the executor of the terrorist acts which Syria is witnessing and which target it as a state and people directly or through its tools inside.”

The Syrian cabinet held an emergency meeting on the attacks, after which Information Minister Omran al-Zohbi read a statement at a news conference.

He said the attack made the Middle East “more dangerous” and “opens the door wide to all possibilities”.

Read the full story from BBC News.


Israel should be in no hurry to help remove a dictatorship that has a proven track record of managing stability in the region.  Yes, Hezbollah is supported by Syria and Iran, but would Israel rather have a fanatic government in Syria run by disorganized, power-hungry rebel factions?  Is Libya not proof enough that Israel should either stay on the sidelines or, heck, help keep that dictator in power?  In the end, the Asad regime will fall, but it will not bode well for Israel to be seen bombing Syria or even supporting rebels that will for sure turn around and bite it back.