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Human rights symposium about Yemen

On March 10, the Yemeni Coalition for Independent Women and the European Organization’s Union for Peace met to discuss the events of March 7 in Sana’a, Yemen, in which hundreds of Ethiopian migrants were burned alive by Houthi rebels in a containment facility. The meeting was the 46th session of the symposium and continued a series of discussions regarding Houthi rebel influence in the region.
The meeting featured many respected guests including Republic Underground media vice president and human rights and national security attorney Irina Tsukerman. There were 18 in total attendance.
The four keynote speakers included Dr. Wissam Basindwa, President of the March 8 Bloc for Yemeni Women, Jeddah. Ms. Shakira Adam, a human rights activist, A. Adel Al-Ahmadi, President of the Nashwan Al-Hamiri Center for Studies and Information, and Tsukerman. Mr. Faisal Al-Qifi, President of the European Organizations Allied for Peace in Yemen
Dr. Basindwa highlighted the mourning of the Yemeni people due to the crimes of Houthis against humanity. She noted that the crimes of Houthis had gone beyond murdering citizens of Yemen and had targeted the most vulnerable civilians in the region, the migrants who had escaped another troubled region in Africa that has undergone local food insecurity and civil conflict. She likewise highlighted the issue of racism that has been an undercurrent of the conflict in Yemen. She noted that brown-skinned people have been marginalized. She then compared the Yemen crisis to that of Hitler’s Holocaust under the Nazi German regime of World War II.
Tsukerman spoke next, noting how the situation in Yemen is not well known in the west. She stated that coverage of the Ethiopian migrant targeting in Yemen is negligibly reported by western media outlets.
Adam then condemned the actions against the people of Africa, calling the migrants “sisters” of Yemen. She stated that media Oromo media outlets and regional coverage have given a consensus that the crimes against the migrants were intentional, and that the fire was not accidental.
Al Ahmadi then expressed deep condolences for the slaying of Ethiopian migrants. He then highlighted the human rights abuses against displaced Africans, including forces military enlistment by Houthis, which resulted in many deaths. He noted that Ethiopian interests in Yemen have only been peaceful, as they use the country as a stop for jobs and other necessity visits on their way to regions such as Europe.
Tsukerman made additional comments regarding the general lack of knowledge and understanding the western world has in regards to the Houthi rebellion crisis. She drew attention to the critical risks to the most vulnerable people embroiled in the crisis, African migrants and IDPs being the highest on this list.
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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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