Erdogan says US not fulfilling Syria deal ahead of Trump talks
November 7, 2019, 10:42 am

Erdogan says US not fulfilling Syria deal ahead of Trump talks AFP

Turkish President Tayyip Erdogan said on Thursday the United States was not fulfilling its pledge to remove Kurdish-led forces from a Syrian border region and he will raise the issue when he meets President Donald Trump next week.

A month ago, Turkey launched a cross-border offensive with allied Syrian forces against Kurdish-led forces after seizing control of a 120 km swathe of territory reached a deal with the United States to keep them out of that area.

Erdogan is set to discuss implementation of the agreement with Trump in Washington on Nov. 13 after confirming that the visit would go ahead following a phone call between the leaders overnight.

“While we hold these talks, those who promised us that the YPG...would withdraw from here within 120 hours have not achieved this,” he told a news conference, referring to a deadline set in last month’s agreement.

Turkish officials had previously said Erdogan might call off the US visit in protest at US House of Representatives’ votes to recognize mass killings of Armenians a century ago as genocide and to seek sanctions on Turkey.

After the deal with Washington, Ankara also reached an agreement with Moscow under which the Kurdish-led forces was to withdraw to a depth of 30 km along the entirety of the northeastern Syrian border with Turkey.

But Erdogan said this deal had also not been fulfilled, with Kurdish-led forces still in the border strip, adding that he would hold talks with Putin soon on the issue.

Clashes in Syria

Speaking to reporters before leaving on a visit to Hungary, Erdogan said clashes in Syria were continuing, with 11 fighters from the Turkey-backed rebel Syrian National Army (SNA) killed on Thursday.

“These terrorists are attacking the SNA, and the SNA is retaliating in kind. There are 11 martyrs from the SNA this morning. Many more were killed on the other side,” he said.

Under the two bilateral deals, Ankara stopped its offensive in return for the withdrawal of the YPG. Turkish and Russian soldiers have so far held two joint patrols near the border to monitor implementation of their agreement.

Ankara considers the Kurdish-led forces a terrorist group because of its ties to militants who have fought an insurgency in southeast Turkey since 1984. US support for the YPG, which was a main ally in the fight against ISIS, has infuriated Turkey.

Ankara began its offensive against the YPG after Trump announced an abrupt withdrawal of 1,000 US troops from northern Syria in early October. The US president has since said that some troops will continue to operate there.

Late on Wednesday, the commander of the Kurdish-led Syrian Democratic Forces said the group was resuming work with the US-led coalition against ISIS in Syria.

“As a result of series of meetings with Coalition leaders, SDF is resuming its joint program of work with the Coalition to combat ISIS and securing the infrastructure of NE Syria,” Mazloum Kobani wrote on Twitter.

SOURCE : Reuters, Istanbul

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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.