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Iran confirms two missiles fired at Ukraine airliner

Iran has confirmed two missiles were fired at a Ukrainian airliner brought down this month, in a catastrophic error that killed all 176 people on board and sparked angry protests.
The country's civil aviation authority said it has yet to receive a positive response after requesting technical assistance from France and the United States to decode black boxes from the downed airliner.
The Kyiv-bound Ukraine International Airlines plane was accidentally shot down shortly after takeoff from Tehran's Imam Khomeini International Airport on January 8.
Iran has come under mounting international pressure to carry out a full and transparent investigation into the air disaster.
"Investigators... discovered that two Tor-M1 missiles... were fired at the aircraft," Iran's Civil Aviation Organisation said in a preliminary report posted on its website late Monday.
It said an investigation was ongoing to assess the bearing their impact had on the accident.
The statement confirms a report in The New York Times which included video footage appearing to show two projectiles being fired at the airliner.
The Tor-M1 is a short-range surface-to-air missile developed by the former Soviet Union that is designed to target aircraft or cruise missiles.
Iran had for days denied Western claims based on US intelligence reports that the Boeing 737 operating Flight PS752 had been shot down.
It came clean on January 11, with the Revolutionary Guards' aerospace commander Brigadier General Amirali Hajizadeh accepting full responsibility.
But he said the missile operator who opened fire had been acting independently.
The deadly blunder triggered days of student-led protests mainly in the Iranian capital.
Supreme leader Ayatollah Ali Khamenei said on Friday that the demonstrations were unrepresentative of the Iranian people and accused the country's enemies of exploiting the air disaster for propaganda purposes.
In its report, the Civil Aviation Organisation said it was "impossible" for it to read the flight data and cockpit voice recorders -- commonly known as black boxes -- because they are so advanced.
But it suggests Iran wants to keep them for the time being.
"If devices are provided, the information (on the black boxes) can be restored and retrieved in a short period," it said.
The Civil Aviation Organisation said it had asked it's French and US counterparts, the BEA and NTSB respectively, to provide a list of the equipment required to read the black boxes.
It said it had also sought the transfer of the required equipment, but added that neither the BEA nor NTSB had "so far responded positively" to such a transfer.
It said it had acquired the list nonetheless, without saying how, and hinted that it would use it to buy the equipment itself.
source: AFP
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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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