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Israel discloses Iranian-led Hezbollah missile project Iran transferred missile equipment to Lebanon after Israeli strikes

On Thursday, The Israeli army revealed details of the Lebanese Hezbollah militia’s precision missile project led by Iran. Pictures and names of involved Lebanese and Iranian figures were also published.
It was reported after a video footage published by Israeli army spokesman, Avichay Adraee, on his social media accounts, that Iran began attempts to transfer precision-ready missiles to Hezbollah in Lebanon via Syria between 2013-2015.
The precision missile carries guiding devices that can hit targets a few meters away. It can also carry explosives and a warhead. Most of the rockets in Hezbollah's arsenal rely on inaccurate weapons of various dimensions.
The Israeli army confirmed that most of these attempts were thwarted in air strikes, which prevented the Lebanese Hezbollah from obtaining the missiles.
Given this failure, Iran decided in 2016 to fundamentally change its working methods to converting existing missiles into precision missiles on Lebanese territory rather than moving full missiles.
As a first step, audit materials from Iran as well as rockets from the Syrian Research Institute, have been transferred to Lebanese territory for Hezbollah.
In cooperation with Iranian entities headed by Mohammad Hussein Zadeh Hijazi, commander of the Lebanese Force in the Quds Force which is led by Qassem Soleimani, Hezbollah began rehabilitation of positions inside Lebanon including the capital Beirut.
The IDF said that the materials had been transported through three axes: the first one was from Syria to Lebanon through the official crossings of the Lebanese state such as al-Masnaa crossing.
The second was airlifted by civilian flights landing at Beirut's Hariri International Airport. The third was through the seaport of Beirut.
During 2016-2018, Iran and Hezbollah faced difficulties in implementing the missile conversion plan and failed to achieve the desired goal.
Recently, Iran and Hezbollah are seeking to accelerate the precision missile project by attempting to establish production and conversion sites on Lebanese territory in several areas.
The Israeli army has announced senior figures involved in the precision missile project including Brigadier-General Mohammad Hussein Zadeh Hijazi, commander of the Lebanese force in the Quds Force, who is leading the precision missile project.
Among the figures is Colonel Majid Nawab, the project's technology officer who works under the guidance of the Quds Force led by Qassem Soleimani. He is an expert in the field of surface-to-surface missiles and oversees the technological aspects of the project.
Israeli army stated that Brigadier-General Ali Asghar Norouzi, head of the Revolutionary Guards' logistics body, was in charge of transporting logistical materials and equipment from Iran to Syria then to the precision missile sites in Lebanon.
Fouad Shukr, a senior Hezbollah commander, is leading the precision missile project. Shukr is a senior adviser to Hezbollah's secretary-general and member of the party's senior body and has been serving the party for 30 years.
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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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