Iraqi PM says US killing of Iranian commander will “light the fuse” of war
January 3, 2020, 9:40 am

Iraqi PM says US killing of Iranian commander will “light the fuse” of war

Iraqi Prime Minister Adil Abdul Mahdi. (File photo AFP)

Iraq’s prime minister condemned on Friday the US killing of Iranian Quds Force commander Qassem Soleimani and Iraqi militia commander Abu Mahdi al-Mohandes and said it would “light the fuse” of war.

The United States killed Soleimani, head of the elite Quds Force and architect of Iran’s spreading military influence in the Middle East, in a strike at Baghdad airport. Mohandes, an adviser to Soleimani, was also killed.

“The assassination of an Iraqi military commander who holds an official position is considered aggression on Iraq ... and the liquidation of leading Iraqi figures or those from a brotherly country on Iraqi soil is a massive breach of sovereignty,” Iraqi Prime Minister Adil Abdul Mahdi said.

Abdul Mahdi, whose government has the backing of Iran, said in a statement the US airstrike was “a dangerous escalation that will light the fuse of a destructive war in Iraq, the region, and the world.”

The prime minister resigned in November due to anti-government protests but remains in office in a caretaker capacity. At least 450 people have been killed in the unrest, some of which were driven by anger at Iranian influence in Iraq.

The prime minister said the US strike violated terms of the US military presence in Iraq, adding that US troops were exclusively in Iraq to train Iraqi security forces and fight ISIS within the framework of a global coalition.

Abdul Mahdi called on parliament to convene an extraordinary session to “take legislative steps and necessary provisions to safeguard Iraq’s dignity, security, and sovereignty.”

He did not specify what those provisions would entail, but some officials and parliamentarians have called for steps to expel US troops from Iraq.

Abdul Mahdi, whose government has support from Iran’s and Tehran-backed Iraqi allies, described Soleimani and Mohandes as “huge symbols of the victory against (ISIS) terrorists.”

Iraq’s Popular Mobilization Forces (PMF), a grouping of mostly Iran-backed Shiite militias led by Mohandes, helped security forces retake a third of Iraq from ISIS. The grouping’s troops were later incorporated into Iraq’s official armed forces.

source: Reuters

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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.