Iraqi protesters block main roads on day of deadline for government
January 20, 2020, 10:41 am

Iraqi protesters block main roads on day of deadline for government

Anti-government protesters set fires and close streets during ongoing protests in downtown Baghdad, Iraq, Sunday, Jan. 19, 2020. (Photo AP)

Demonstrators in Iraq took to the streets and blocked main roads throughout the country Monday, as the deadline for the government to meet the demands of the protesters expires.

Footage showed protesters in the capital blocking main roads. The Iraqi News Agency says several people have been detained for trying to block Mohamed al-Qasim road, which connects the southern and northern parts of Baghdad.

https://twitter.com/AlArabiya_Eng/status/1219146965012840448

The Iraqi National Security Council authorized security forces to arrest those who blocked roads during the protests, according to Al Arabiya sources.

Meanwhile, the Baghdad Operations Command confirmed its full commitment to the outgoing Prime Minister Adil Abdul Mahdi’s directions in protecting peaceful demonstrators and securing the main demonstration square in Baghdad, Tahrir Square, and surrounding areas, the Iraqi Security Media Cell said on Twitter.

Protesters also blocked and set up tents on the main road between Baghdad and Nasiriyah, two of the biggest cities in the country, the Iraqi News Agency reported. The highway connecting al-Diwaniyah and other provinces have been closed too.

Iraqi protesters earlier in the day closed main roads in al-Wasit governorate’s city of Kut which borders Iran, Al Arabiya’s correspondent reported.

The UN Iraq Representative urged renewed push for reform and called for demonstrations to remain peaceful, the UN Assistance Mission for Iraq tweeted.

The representative also urged the Iraqi authorities to do everything to protest the peaceful demonstrators. “Violent suppression of peaceful protesters is intolerable and must be avoided at all costs,” the statement published by UNAMI said.

Monday was the deadline for the government to meet the protesters’ demands, the most important of which are forming a temporary government, holding early elections, and investigating the death of protesters and kidnapping of activists.

Protesters closed roads and bridges on Sunday in several provinces, with reports of schools and government institutions closing as well, in preparation for the deadline of January 20.

Al Arabiya’s correspondent also reported heavy security forces presence in southern areas.

source: Leen Alfaisal

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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.