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Germany says it will expand military presence in Indo-Pacific as China threat looms

Germany will expand its military presence in the Indo-Pacific by sending more warships and joining drills with allies as it keeps an eye on the “enormous” build-up of China’s armed forces, the German defense chief told Reuters.
Germany is joining other Western nations in showing more muscle in the region amid growing alarm over Beijing’s territorial ambitions.
Last year, Berlin sent its first warship in almost 20 years to the disputed waters of the South China Sea - at the risk of irking its top trade partner - and this month it sent 13 military aircraft to joint exercises in Australia.
General Eberhard Zorn told Reuters the Bundeswehr planned on sending troops to participate in training exercises in Australia next year, while the navy would send a fleet of several more ships to the region in 2024.
“This is how we want to consolidate our presence in the region,” Zorn said in an interview at the defense ministry in Berlin.

Germany has historically been more timid in its security policy than its allies due to its role in two world wars, focusing more on trade in its international relations - with China’s rapid economic expansion driving its own growth and the country becoming its top trade partner in 2016.
But partners have in recent years called on Germany to show more leadership, in keeping with its might as Europe’s largest economy and most populous country.
Ukraine accuses EU countries, including Germany, of blocking funds
In 2020, Berlin published a new Indo-Pacific strategy with a focus on strengthening alliances with democracies in the region, marking a turning point. Then German Chancellor Olaf Scholz in February pledged a dramatic hike in spending on the military after Russia’s invasion of Ukraine.
Tensions in the Indo-Pacific are running especially high at the moment after China carried out its largest-ever military drills around democratically-governed Taiwan, which it claims as its own territory, at the start of August.
Asked whether Germany might send a warship sailing through the Taiwan Strait as has the United States, Zorn said it was a sensitive matter decided upon at the highest political level.
Taiwan vows to 'counter-attack' if China's forces enter its territory
“We do not want to provoke anyone with our presence but rather send a strong sign of solidarity with our allies,” he said. “We stand for the freedom of navigation and the safeguarding of international norms.”
Zorn said China’s military strength once lay in its number of soldiers; now its armed forces were also getting technologically well equipped.
“We are observing an enormous buildup of Chinese forces,” he said.
Source: alarabiyaenglish
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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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