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An Episode of an American Spring

The massive popular protests sparked by the killing of the black American citizen, George Floyd, by a police officer in Minneapolis, late in May, continues to gain a momentum enhanced by medium-intensity waves of political change. The movement calls for justice for black citizens, and regulating the use of physical violence by policemen during arresting or chasing suspects. Racial discrimination is an old social problem in the United States, which threatens the lives of black people and affects their access to political and economic opportunities as equal citizens.
The movement, with the slogan “Black Lives Matter,” has already succeeded in influencing decision-makers, in the United States and beyond, to amend legislations that allow policemen to use physical violence to control suspects during arrest. The movement has also encouraged film production industry to withdraw classic titles from American film libraries, such as "Gone with the Wind," because of scenes showing the practice of racial discrimination against black people, which was socially acceptable at the time of producing the movie.
The movement’s impact is not limited to the United States. Protesters in Britain and some European countries showed up on streets, forcing policymakers to make urgent changes to laws governing police systems. The news about the George Floyd protests has greatly alienated the overwhelming news about the spread of the Coronavirus and its devastating effects on the economic and social statuses of nations and individuals.
In the Arab world, the “Black Lives Matter” movement is, also, attracting a lot of attention. People, here, are gloating over the American popular movement with an overwhelming sense of dejavu. The gloating, which I despise, is emerging from a conspiracy theory adopted by many in the Arab world claiming that the United States is the mastermind of the series of revolutions known as “the Arab Spring;” and, thus, for them, the U.S. is responsible for Arab Spring’s damaging consequences; e.g. civil wars and empowering terrorist organizations, all over the region.
On the other hand, the sense of dejavu is, legitimately, aroused among Arab viewers, due to the extreme similarity between the iconic scenes of the George Floyd protests and the iconic scenes of the Arab Spring revolutions, that took place nine years ago. The National Guard deployment to streets and their cordial and sympathizing conversations with protesters, and the Muslim mass prayer in a New York street during protests, are two examples of many. Even, the incident of George Floyd killing by a policeman, which sparked the “Black Lives Matter” movement, is almost identical to the incident of killing the young Egyptian Khaled Said by a policeman, which sparked the Egyptian revolution in 2011.
Ironically, some of my fellow Egyptians called the George Floyd protests the “American Spring” and prospected the fall of the Trump administration. Actually, the fall of the regime was one of the trends that the democratic rivals of the republican President Trump attempted to leak into the movement. On the third day of the eruption of peaceful protests, paralleled by acts of riot and violence by an intruding anarchist group, the hashtag “America or Trump” was trending on Twitter. At the same day, famous democratic leaders issued media statements pointing at President Trump, and his republican agenda, as the main motivator for racial discrimination against the black people. That clearly unfair and politicized stance by the democrats is contradictory to the fact that racial discrimination is a historical challenge that is as old as the foundation of the United States. Over centuries, both democratic and republican administrations failed to totally end racial discrimination in America.
But, soon, the movement’s organizers realized that their endeavors may be doomed to failure if they do not exclude those trying to hijack the momentum of their protests. That does not only include the democrats, who are competing against Trump in the next presidential elections, in November, but also the Muslim Brotherhood organizations who are seeking to have an upper hand in their continued conflict with the police apparatus.
Excluding those trying to over-ride the protests with their own slogans and interests, while exclusively focusing on the main goal of the movement, is one reason why the protests are already succeeding in getting stronger and more influential. An equally important reason for the success of the “Black Lives Matter” movement is denouncing violence and showing high commitment to nonviolent discipline by the protesters. The nonviolent discipline has always been an essential factor in the success of nonviolent movements, American civil rights movement, led by Martin Luther King, Jr. in 1950s.
The George Floyd protests shall come to an end, sooner or later, but their positive impact on the United States’ domestic policy shall remain for decades. In that sense, one can comfortably claim that the “Black Lives Matter” movement has initiated an episode of an American Spring.
Dalia Ziada
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BENEFIT AGM approves 10%...
- March 27, 2025
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.
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