Aid agencies preparing to suspend aid to Houthi areas in Yemen: US official
February 26, 2020, 11:10 am

Aid agencies preparing to suspend aid to Houthi areas in Yemen: US official

Newly recruited Houthi militants chant slogans as they ride a military vehicle during a gathering in the capital Sanaa. (File photo AFP)

Donors and aid groups are planning to suspend humanitarian aid to areas of Yemen controlled by the Houthis in the coming months if the group does not stop hindering the delivery of assistance, a senior US State Department official said on Tuesday.

Aid agency sources told Reuters earlier this month that Houthi authorities in northern Yemen were obstructing efforts to get food and other help to those in need, to an extent that was no longer tolerable, and that operations would be scaled down.

The senior US State Department official, speaking on condition of anonymity, confirmed those plans.

“Each donor and implementer is drawing up plans on how to, what to do if the Houthis do not change their behavior on the ground,” the official said. “The plans involve suspending a lot of assistance programs with exceptions for truly lifesaving programs feeding sick children and things like that.”

“Everyone’s looking at a timeline of a month or two ... That’s the point at which different implementers will start to suspend some of the programs,” the official said.

The United Nations describes Yemen as the world’s biggest humanitarian crisis and says millions of people are on the verge of starvation. The world body did not immediately respond to a request for comment on whether it was planning to suspend some operations to Houthi-controlled areas.

Aid agencies have for the past year publicly and privately complained of worsening operating conditions, lack of travel permits and other access restrictions.

“It can’t be tolerated anymore,” the State Department official said.

Yemen has been mired in conflict since the Iran-aligned Houthis ousted the government of President Abd Rabbu Mansour Hadi from the capital Sanaa in late 2014. A Saudi-led military coalition has fought to restore Hadi.

At the United Nations on Tuesday, the Security Council adopted a resolution to extend targeted sanctions and an arms embargo on the Houthis for another year. Thirteen countries voted in favor and Russia and China abstained because they said the text was not balanced.

In the resolution, the council expressed “serious concern at the devastating humanitarian situation in Yemen and all instances of undue hindrances to the effective delivery of humanitarian assistance, including the recent interference in aid operations in Houthi-controlled areas.”

The United States and other Western powers have long-accused Iran of supplying weapons to the Houthis. Iran has repeatedly denied the accusations.“Not only does Iran continue supplying weapons to the Houthis, but they are also increasing the sophistication of these weapons,” US diplomat Rodney Hunter told the Security Council on Tuesday.

source: Reuters

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.