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Iran makes first arrests over airliner downing

Iran on Tuesday announced its first arrests over the shooting down of a Ukrainian airliner in Tehran last week, after the third night of angry protests over the disaster.
The Ukraine International Airlines plane was brought down by a missile shortly after takeoff on Wednesday, killing all 176 passengers and crew on board.
Tehran for days denied Western claims based on US intelligence that the Boeing 737 had been downed by a missile.
It came clean on Saturday when Revolutionary Guards aerospace commander Brigadier General Amirali Hajizadeh acknowledged a missile operator had mistaken the plane for a cruise missile and opened fire independently.
At a televised news conference, the judiciary announced the first arrests had been made over the blunder, without specifying how many.
"Extensive investigations have been carried out and some people have been arrested," said spokesman Gholamhossein Esmaili.
The announcement came shortly after President Hassan Rouhani said everyone responsible for the disaster must be punished.
"For our people, it is very important in this incident that anyone who was at fault or negligent at any level" face justice, Rouhani said.
"Anyone who should be punished must be punished.
"The judiciary must form a special court with a high-ranking judge and dozens of experts... The whole world will be watching," Rouhani said.
"It cannot be that only the person who pressed the button is at fault. There are others, and I want this to be explained to the people explicitly."
Iran has come under mounting international pressure to ensure its investigation into the tragedy is full and transparent.
The authorities' handling of the air disaster has also angered Iranians.
Videos posted on social networks on Monday purported to show protesters taking to the streets for a third consecutive day, with demonstrators shouting slogans against the Islamic republic.
The Kyiv-bound plane was shot down at a time when Iran's armed forces were on heightened alert after launching a volley of missiles at Iraqi bases housing US troops.
Iran fired the missiles in retaliation for a US drone strike that killed Qasem Soleimani, the head of the Revolutionary Guards' foreign operations arm, on January 3.
Addressing that issue on Tuesday, Rouhani said while "the root of all sorrows goes back to America... this cannot be a reason for us not to look into all the root causes" of the air disaster.
The president also demanded officials explain why it took so long for authorities to announce the real cause of the air disaster.
"They must explain the whole process. From Wednesday morning when the incident happened until the meeting on Friday night of the Supreme National Security Council. They must explain this whole process to the people," he said.
"But more important than anything else, in my opinion, is that our people must be assured that this incident will not be repeated."
Iran has invited experts from Canada, France, Ukraine, and the United States to take part in the probe.
On Monday night, Canada's Transportation Safety Board said its investigators flying to Tehran would be granted access to the wreckage and black box flight recorders of the downed airliner.
"There have been early signs that Iran is allowing the TSB to play a more active role than is normally permitted," its chair Kathy Fox told a news conference.
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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