Israeli PM Netanyahu: Rocket attacks make new war in Gaza inevitable
September 12, 2019, 8:57 am

Israeli PM Netanyahu: Rocket attacks make new war in Gaza inevitable

Benjamin Netanyahu has been causing controversy during his election campaign. (File photo AP)

Israeli Prime Minister Benjamin Netanyahu said on Thursday that continued rocket fire from Gaza is making another war against militants in the coastal strip inevitable, his latest headline-grabbing announcement just days before Israel heads to parliamentary elections.

Netanyahu divulged that advanced plans were in place to strike Gaza and said he would decide the optimal timing of the offensive, given the Gaza Hamas rulers’ unwillingness or inability to stop the daily barrages.

The Israeli leader has been criticized for failing to respond harshly to the rockets, which have been frequently sending residents of southern Israel scurrying for cover. Netanyahu himself was whisked away by bodyguards from a campaign event on Tuesday when Palestinian militants fired rockets toward the area where he was.

Israel withdrew from the Gaza Strip in 2005 and Hamas militants overtook the territory by force two years later. Israel and Hamas have fought three wars and engaged in several other rounds of violence over the past decade.

“I do not wage war unless it is a last resort and I don’t risk the lives of our soldiers and citizens just to get applause,” Netanyahu said in an interview with Kan Reshet Bet Radio. “We will probably have no choice but to set out on a big campaign, a war against the terror forces in Gaza.”

“I won’t start it one minute before we are ready, and we are preparing for a ‘different war’,” he added, shortly before flying to Russia for a lightning meeting with President Vladimir Putin.

It was Netanyahu’s first major interview to a mainstream media outlet in a frenetic campaign in which he has been dictating the agenda with a dizzying array of maneuvers. Just this week, he has alleged fraud in Arab voting areas and has pushed for legislation to place cameras in polling stations on election day.

He also claimed to have located a previously unknown Iranian nuclear weapons facility and vowed to annex the heart of the West Bank if he wins re-election.

His pledge to extend Israeli sovereignty over the Jordan Valley sparked international condemnation. A spokesman for the UN secretary-general said that if it were carried through it would be a “serious violation of international law.”

The UN statement comes after Saudi Arabia, a regional power that has grown closer to Israel in recent years, condemned the move, along with several others who warned it could inflame the Middle East and eliminate any remaining Palestinian hope of establishing a separate state.

Netanyahu said it was important to act now as President Donald Trump prepares to unveil his Mideast peace plan after the elections next Tuesday in Israel. The move was widely viewed in Israel as Netanyahu’s latest stunt to draw in right-wing voters in a hard-fought campaign.

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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.