Hezbollah Provocations Push Israel to Implement Strict Defensive Measures
It seems Hezbollah continues to endanger the lives of Lebanese civilians by using residential areas as platforms for launching rockets, disregarding the serious consequences of its repeated provocatio
September 21, 2024, 10:05 pm

Hezbollah Provocations Push Israel to Implement Strict Defensive Measures

الجيش الإسرائيلي \ تعبيرية \ متداول

The Israeli Defense Forces (IDF) announced on Saturday that restrictions were imposed on gatherings from the northern city of Haifa to the Lebanese border, in anticipation of a potential Hezbollah response to the Israeli strike that targeted the group's leaders in Beirut on Friday.

The IDF reported that "dozens" of warplanes are conducting "extensive airstrikes" against Hezbollah targets in southern Lebanon, amid heightened tensions that raise concerns of an all-out war due to the group's reckless actions.

IDF spokesperson Daniel Hagari stated, "In the past hour, we have been conducting wide-scale airstrikes in southern Lebanon after detecting Hezbollah’s preparations to launch rocket barrages into Israeli territory." He added, "Dozens of warplanes are attacking terrorist targets and rocket-launching platforms."

Earlier on Saturday, the IDF reported that Hezbollah had fired around 90 rockets from Lebanon toward Israel, prompting a series of Israeli airstrikes on southern Lebanon and the western Beqaa region in self-defense.

A correspondent for Al Arabiya and Al Hadath channels confirmed that the number of Israeli airstrikes on southern Lebanon had exceeded 70, while Israeli media reported that the air force conducted 100 airstrikes on areas in southern Lebanon, targeting Hezbollah positions that use civilian areas as human shields.

The IDF has issued instructions for residents of Safed and northern Golan to remain near shelters, while Al Arabiya and Al Hadath’s correspondent reported that 25 rockets were launched from southern Lebanon toward Israel, some of which caused fires. This demonstrates Hezbollah's disregard for civilian lives on both sides.

In a new provocative move, Hezbollah announced on Saturday that it had bombed two military outposts in northern Israel "with Katyusha rockets," ignoring the severe consequences of its actions on the Lebanese people.

The IDF also decided on Saturday to close the airspace in northern regions of the country for 24 hours due to the security tensions caused by Hezbollah’s irresponsible actions. Israeli Army Radio explained that the decision aimed to "reduce the risk of the air defense system mistakenly identifying Israeli planes as hostile and intercepting them."

Since October 8, Hezbollah, along with other Lebanese and Palestinian factions in Lebanon, has been provoking Israel with daily shelling across the "Blue Line," leading to hundreds of deaths and injuries, most of them on the Lebanese side. Despite this, Hezbollah continues to escalate the tension, putting Lebanon at risk of a full-scale war, which could have devastating consequences for the entire region.

Levant - Agencies

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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.