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Can IRGC defeat coronavirus in Iran?

Iran is the epicenter of coronavirus in the Middle East today. The fast spread of the virus is forcing the government and the clerks to retreat from previous statements about holy shrines and quarantine regulations.
Prior to the coronavirus outbreak, the government was widely criticized for not providing any official reports about the casualties and arrests during October 2019 protest crackdown. Short after in January 2020, the Iranian authorities lied about the Ukrainian airplane for several days before admitting it was shot down by IRGC missiles.
This time with the coronavirus outbreak, Mahan Air flights, affiliated to the IRGC, from and to Wuhan in China continued despite all other countries suspending their flights. After the first outbreak in the City of Qom, the authorities went on to hide the news as their focus was on the mass gatherings on the 41st anniversary of the Iranian Revolution and the parliamentary elections on February 21st.
Reports indicated that coronavirus already had 50 victims in the city of Qom by February 13, 2020 while the Health Ministry finally reported only 12 deaths on February 19, two days before the parliamentary election. The high death toll in the first official announcement clearly indicates that the government was fully aware of the coronavirus spread but wanted to wait for after the parliamentary elections.
In his first speech after the election, the Supreme Leader, Ali Khamenei considered the calls for social distancing not go out due to the virus as part of the enemy’s plot against the election.
On February 26, despite all demands for quarantine, Rouhani said that he had no plans to quarantine any “cities and districts” in response to the country’s coronavirus outbreak. On March 15, he again rejected to quarantine cities while the virus was spreading from city to city.
Since the outbreak, the regime has been slow in taking action or even reporting to WHO and there is no doubt that the actual numbers are much higher than reported. Opposition sources suggest that the virus has claimed the lives of more than 5000 citizens so far.
On Friday, March 13, in a televised statement the armed forces chief Major General Mohammad Bagheri said “the country's security forces had been ordered to clear the shops, streets and roads nationwide within 24 hours.”
On Monday, March 17, during a videoconference with IRGC leaders, General Hossein Salami, the head of the IRGC, described the readiness of IRGC’s provincial units as “warlike arrangement".
Despite resistance from hardline clerks, the holy shrines in Mashahd and Qom were closed to public and 85,000 prisoners were temporarily released to combat the spread of the new coronavirus disease in crowded jails.
These new instructions are in total conjunction with Khamenei and Rouhani’s approach but apparently there is no choice except accepting the failure of previous actions.
There is no doubt that the IRGC and the armed forces have the biggest budget and staff in Iran, but the question is, can these military organizations come to help to defeat the coronavirus?
There is a widespread fear that the IRGC would use this opportunity to impose marshal law using the coronavirus as a pretext. Others are asking the authorities to not filter the internet at the time people are told to stay at home.
At the time of crisis, the public trust is the main asset of the governments. And public trust is what IRGC and the others ruling Iran during the past 41 years have lost long time ago.
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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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