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Interview with Dr. Wesam Basindowah , Professor of International Relations

Levant News – London
How do you evaluate the role of the coalition led by Saudi Arabia and the UAE in Yemen?
First of all, I would like to mention that the Yemeni people and even the elites are counting a lot after Allah Almighty on the Saudi guarantor under his wise leadership.
What has emerged from the Saudi approach since the first day of the crisis shows that His Majesty the King and his Crown Prince and Deputy Minister of Defense and the high guidance of Saudi diplomacy that any internal side conflict between the Yemenis is a red line, and that the Kingdom and its leadership are doing everything in order to restore stability and construction and stabilize security in Yemen.
This will be the next stage in the field of construction and reconstruction through the Saudi program for the rebuilding of Yemen as it has always been, in addition to harnessing the economic, diplomatic, and political tools of Saudi Arabia to facilitate everything that would bring peace to Yemen.
The speech of His Highness Crown Prince Mohammed bin Salman at the signing ceremony of the Riyadh agreement was a secure, specific, and brief, containing many messages that summarized all stages of the historical relationship and the organic link between the Kingdom and Yemen, and then the Saudi role in addressing the attempts to take over of the Yemeni state and attempts to spread strife and discrimination and fighting Internal, right up to the future vision reflected in what he said at the end of the speech.
He said that this agreement will be the gateway to a comprehensive cooperation between the various Yemeni political components, that such an approach enhances the confidence of the Yemenis that the guarantor of the agreement this time is different and therefore can actually achieve the goal, and that the new government will be able to meet the challenges as the country and people and the situation can no longer tolerate more.
Riyadh Agreement: Will the Riyadh Agreement succeed in ending the war in Yemen?
Although previous governments were mindful that their ministers were from different northern and southern regions, the fundamental difference that the Riyadh agreement made in this regard was the recognition that they had entered the government as southerners.
This is an acknowledgment of the establishment of identity, and the elimination of the idea that there are attempts to obliterate and dissolve and so on, especially since the southerners are very sensitive to their identity, which is natural as a result of past experience.
Also, the idea of taking into account the diversity in the ministries of both sections, both north and south, so as to give representation to the various political forces and components. And the composition of the ministries of the competent, who have experience and competence in the ministries they will assume.
What are the demands and role of women at this stage?
Emphasis should be placed on the role of women in this formation. According to the outcome of the national dialogue, women's representation should not be less than one-third. One-third is the minimum, which has not been achieved in the various governments formed since the coup.
Of our meetings, we women, our future demands include not less than fifty percent, including two sovereign ministries. The third that was not fulfilled was our demand several years ago from 2011 to 2014 and today we are at the gates of 2020, the world around us is changing concerning female representation.
Arab countries around us, like Lebanon, assigned the Ministry of Interior to a woman, and Sudan, where women were flogged if they wear pants, today women in Sudan preside over the Supreme Court of Justice and foreign and higher education and others.
And the Yemeni woman is no less capable, throughout this period, they have proved their competence, experience, and ability and have topped many ranks even before men in peace and war. Yemeni women historically and now have been the forefront in the world and their civilizations in Yemen are still witness.
It is not about the competition of women with men, but the inherent right of women to take their chance in partnership in building the country according to competence,
In 2020, the world will celebrate the 20th anniversary of the adoption of UN Resolution 1325, which calls on States to ensure the equal representation of women in decision-making and all peace consultations,
Also, that at least half of the female representation should be from outside the parties, contrary to the usual practice by selecting a limited number of women from certain parties, assigning limited ministries as mere decorative patchwork, and ignoring independent women and civil society.
Here we count heavily on the response of His Excellency President Hadi, whose vision really starts from supporting women. Efficiency and capacity are the tests of all candidates, men, and women, and the consumed faces that people have lost faith in must change.
What are the criteria for the success of the next government?
The adoption of the criteria of diversity and efficiency will prepare the government for the next stage, which is mined and challenged.
The people rely on it a lot in controlling security, restoring services, building and reconstruction, and above all that restoring the state and its image, which is the basis if we restore the image of the country we will gain the confidence of the citizen, especially since the Yemeni people are people with deep historical roots in civilization, known as politicized people.
Is it possible to implement the Riyadh agreement on the ground? What are the conditions to ensure its success?
Yes, we can implement this agreement on the ground with sincere intentions and serious work.
It seems through my recent meetings with the various political forces and elites on the sidelines and in the scenes of the agreement ceremony that everyone is optimistic and really willing to implement it, and everybody is exhausted and sick of war.
Moreover, the indicators and meetings that took place between President Hadi, the President of the Transitional Council and his delegation made clear that there are the real desire and sincere intention to transcend the wounds and political disagreement and proceed to respond to the needs of the people and their voices and the necessities of the phase.
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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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