Duque opens Colombia talks following protests: Official
November 25, 2019, 10:40 am

Duque opens Colombia talks following protests: Official

Colombians protest against the government of President Ivan Duque, in Bogota, on November 23, 2019. (AFP)

President Ivan Duque, the target of unprecedented anti-government protests in Colombia, on Sunday opened a promised national dialogue aimed at assuaging popular anger.

Duque, a conservative who is deeply unpopular 18 months after his election, “initiated the social dialogue” with mayors and other officials at 3:00 pm (2100 GMT), the presidency said in a statement.

The president had proposed the talks on Friday in response to nationwide protests a day earlier that descended into violence, leaving three dead.

Duque said at the weekend that he would meet Monday with the ministers of finance, labor, and trade, along with representatives of business owners and workers, while dialogue with “different social sectors” would take place during the week.

Protesters are demanding, among other things, a crackdown on drug trafficking and violence, more flexible labor market conditions and improved retirement benefits.

Duque, 43, has been criticized for his economic, social and security policies, as his administration deals with hosting 1.4 million refugees from neighboring Venezuela’s economic meltdown as well as the complex fallout of a 2016 peace deal with FARC rebels.

Hundreds of thousands took to the streets in Bogota and other cities on Thursday as part of a nationwide general strike.

There were arrests and clashes as trade unions, students, opposition parties and the South American country’s indigenous organizations vented their anger.

Three people have died and nearly 300 were wounded in the unrest.

There were further demonstrations on Friday and Saturday, and hundreds of people defied a curfew in the capital - the first imposed since 1977 - to converge in front of Duque’s home, singing the national anthem and banging pots and pans for an hour.

In Bogota, some 13,000 soldiers and riot police have been deployed to keep watch over sensitive neighborhoods in the city of seven million.

source: AFP

Iran is planning attacks on Israel: Netanyahu Netanyahu’s Likud party plans for leadership primaries: Reports

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.