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Challenging China
It is becoming increasingly hard to ignore the issue of China’s persecution of its Uighur Muslim minority – or to claim that the rest of the world does not know enough about it. Evidence is mounting of Xi Jinping’s Communist Party’s systematic oppression of the population of Xinjiang province in the country’s far northwest.
Beijing is already facing US and other pressure over mishandling the Covid-19 pandemic and repressing freedoms in Hong Kong. Last week London followed Washington in banning the Huawei technology giant from its 5G network. China also had a deadly border clash with India and engaged in a damaging war of words with Australia. In recent years it has also embarked on a policy of naval expansion in the South China Sea.
“Today China is increasingly authoritarian at home, and more aggressive in its hostility to freedom everywhere else,” the US secretary of State Mike Pompeo declared on July 23, the day before the closure of the Chinese consulate in Houston and the US mission in Chengdu. China’s foreign ministry described as “futile” Pompeo’s efforts to “launch a new crusade.“
In the big picture this escalating crisis is forcing other countries to take sides, and increasingly they are opting for Washington rather than Beijing - despite President Donald Trump’s retreat from global leadership in line with his disruptive “America First” unilateralism. Nor does it help that Trump has repeatedly referred to coronavirus as “kung-flu” - or that he calls his Democratic rival as “Beijing Biden.”
It has long been assumed that the 21st century would witness China’s inexorable rise due to its combination of the largest population on the planet, its emergence as a centre of global manufacturing and the ambitious “Belt and Road Initiative.” In the last few months, however, the rest of the world is getting nervous – and with good reason.
Experts argue that Beijing is pursuing an over-assertive and ultimately risky strategy – both in terms of its foreign ambitions and domestic stability. This could cost it dearly in terms of its international reputation but also carry severe economic costs as it is now facing the threat of high unemployment because of the Covid crisis.
Numerous countries have been bought off. China has become a more active and influential voice at the UN because so many are benefiting from billions of dollars in its investments, especially in Africa. Earlier this year Australia discovered that when it called for an inquiry into the origins of the Covid-19 pandemic, it faced both cyber-attacks and sanctions.
Abuse of the Uighurs and other Muslim Turkic minorities in Xinjiang has been extensively documented but has always been strenuously denied by Beijing, which claims that its policies are intended to counter terrorism. But evidence of mass detention and surveillance as well as restrictions on religious and cultural beliefs, is growing.
There have even been reports of the forced sterilisation of Uighur women and efforts to curb the growth of the Uighur population, which human rights organizations say provide the clearest proof yet of “cultural genocide.”
On a BBC primetime TV show in mid-July the Chinese ambassador to the UK, Liu Xiaoming, looked uncomfortable after being shown meticulously-verified drone footage of the mass transport of blindfolded, shackled and shaven-headed Uighur men. But he still denied that anything unusual was being done and claimed, unconvincingly, that China treats “every ethnic group as equal.”
Many high-profile international brands have been linked to Chinese manufacturers alleged to be involved in forced labour programmes, where Uighur men and women are subjected to monitoring, the banning of religious observance, segregated dormitory living, and mandatory “ideological training” as well as supervision by “minders,” anthem-singing, flag-raising and Mandarin classes.
Beijing insists that what it calls “vocational training centres” are designed to address labour shortages and to alleviate poverty. It denies that people are forced into work. Activists counter that Uighurs may be held for “crimes” such as having beards or wearing headscarves, having a Muslim name, declining to eat pork, having WhatsApp on their phone or for no apparent reason at all.
Human rights experts say that China has also walked a “very deliberate and very careful” line in committing serious human rights abuses without perpetrating the sort of physical violence that might attract widespread global condemnation.
Still, calls are multiplying for China to be held to account. On July 19 the UK foreign secretary Dominic Raab accused China of “gross and egregious” abuses of Uighurs in the wake of the BBC interview with the ambassador.
Comparisons are being made between the Nazi persecution of the Jews of Europe during the Holocaust, in which 6 million people were exterminated. Jews - in solidarity with Muslims despite the longstanding confrontation over Israel and Palestine – are arguing that far more needs to be done to hold China to account.
Last week Pompeo declared in the name of the US – which remains, after all, the most powerful country on Earth - “the free world must triumph over this new tyranny.” It is still far from clear how this important goal will be achieved.
IAN BLACK
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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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