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Iran arms groaning under "scarcity of funding" .. And Hezbollah resort to "trick" Hezbollah claimed the lives of many of its members in its activities in the region

According to a report published by the American “billingcat” website, the Lebanese militia Hezbollah has resorted to find new ways to search for sources to finance its sabotage activities in the region.
The website says that the militias are using a number of social media platforms to spread their campaigns and launch fundraising campaigns under the umbrella of charity work.
This comes after Iran's arms in the Middle East have received severe financial blows as a result of the sanctions imposed by the United States on Tehran after withdrawing from the 2015 nuclear agreement.
The militias are looking for solutions to finance themselves after Iranian support, which has been flowing generously, has shrunk over the past decades.
Hezbollah’s militia has managed to build an intercontinental funding network through a number of activities and financial transactions that are difficult to track including smuggling, money Laundering, drugs and others.
Not only did the militia do so, but they looked and are still looking to find other ways to fund their activities and market to their advocates. Therefore, according to the report, it has entered the space of media platforms and social media sites.
Even though the social networking companies have tracked the direct accounts of the organization, Hezbollah has managed to exploit dozens of accounts on the Internet to spread its propaganda claiming resistance and launch fundraising campaigns under the umbrella of charity.
Observers assure that the Coordination, one of such accounts, is a Lebanese militia device through which the party, directly or indirectly, publishes its campaigns and ideas; all of which serve its interests and finance its activities.
The collapse was compounded by the inability of Europe to abide by its commitments to continue normal trade with Tehran to compensate for US sanctions.
According to the American magazine, Iran's economy is expected to contract by about 6 percent this year as the Iranian currency has lost about two-thirds of its value so far.
Trump, who pulled his country out of the nuclear deal in May 2018, sees that the deal was flawed and allowed huge funds to be delivered to Tehran. “We have given them $ 1.8 billion,” he said in a press statement.
Trump says Iran has used the money it got after the deal to spread unrest and support terrorism, but the return of sanctions could force Tehran to review its positions and sit at the negotiations table.
French President Emmanuel Macron recently said he might arrange a meeting between Trump and his Iranian counterpart, Hassan Rouhani, but Tehran later responded by saying that the president would not sit down with his US counterpart unless Washington lifted sanctions.
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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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