The New York Times has an interesting article reporting on the deepening economic ties between Iran and Syria. Hugh Naylor writes from Damascus:
The Syrian government estimates that Iranian investment in 2006 alone surged to more than $400 million, making Tehran the third-largest foreign investor here, behind Saudi Arabia and Turkey. Though exact figures are unavailable, by some estimates Iran has invested a total of $3 billion in Syria, most of that in the last few years.
In September, officials from both countries announced plans to expand Iranian projects in Syria to $10 billion over the next five years, which would cast Tehran as the economic powerhouse here.
But of course this being the New York Times, the writer can’t stick to the facts—facts that suggest that some of us have reason to be increasingly alarmed about the Tehran-Damascus Axis. He has to throw in a jab at the Bush administration, too. Naylor claims that Iran and Syria are cementing their ties only because neither one can do business with America, since they’re both under American-led sanctions. He cites anonymous “Western diplomats and analysts,” who say “that Washington has effectively pushed Damascus and Tehran into deepening their alliance of nearly three decades.”