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Israel’s political turmoil ignores the Palestinian issue

IAN BLACK
In the wake of Israel’s general election on September 17 a Hebrew news website published a graphic with the detailed final results. It showed a map of historic Palestine, including the West Bank, East Jerusalem and the Gaza Strip, but made no distinction between those occupied territories and Israel in its pre-1967 borders.
Unintentionally, that may have been a pithy summary of the broad significance of the poll – the second in five months. Barring surprises – and those are certainly possible - Binyamin Netanyahu looks as though he may have finally been ousted as the longest-serving prime minister in his country’s history. Still, there is good reason to doubt that the change will have much impact on the Middle East’s bitterest conflict.
Netanyahu’s Likud crucially won only 31 seats – not enough to form a majority in the 120-member Knesset. The new Blue and White Alliance, led by the former army commander Benny Gantz, won only 33. But Gantz may be marginally more capable of forming a government – though many pitfalls remain.
The most likely outcome is some sort of “national unity” coalition between Blue and White and the Likud – with Netanyahu manoeuvring desperately to cling to power. If he fails then the man his supporters like to call “King Bibi” – and even his bitterest opponents acknowledge grudgingly that he is a political wizard - may even be heading to prison on the corruption charges he is facing.
Another distinct possibility is continuing deadlock - leading to a third election in the coming months.
The Likud leader ran a vicious campaign characterised by incitement against Arab voters, Donald Trump-style attacks on hostile media, repeated violations of electoral law and hair-raising pledges aimed at pleasing his right-wing supporters.
So, for example, just before election day, Netanyahu announced that he would annex the Jordan Valley – a strategically important part of the West Bank. That was condemned by the Palestinian Authority, Arab governments and many others.
The reaction of Blue and White, however, was to complain: “you are stealing our idea!” The meaning was clear: Gantz, a security “hawk,” is no more prepared than Netanyahu to countenance the notion of a sovereign, independent and contiguous Palestinian state alongside Israel. Removing settlements is off the table too.
Another similarity between Blue and White and the Likud is that Gantz originally insisted that he would not form a coalition with Arab parties. That may be changing. The Joint List – headed by Ayman Odeh – is the third largest party overall, with 13 seats. Alongside Odeh is Ahmed Tibi, a veteran MP and a witty observer of Israel’s turbulent political landscape. “We came out in droves,” Tibi observed when the results emerged– a reference to the anti-Arab rhetoric employed by Netanyahu in 2015. Odeh recommended to President Reuven Rivlin that Gantz be the next prime minister – anything to avoid a Netanyahu victory.
True to form Netanyahu’s first response was to warn that the choice now facing Israel was between a government led by him or a "dangerous government" relying on "anti-Zionist” Arab parties.
The key to understanding the current state of Israeli politics is that the centre of gravity has shifted markedly to the right in recent years. The process began with the second intifada in 2000 - when Palestinian suicide bombers killed hundreds of Israeli civilians.
Peace efforts, under Presidents George Bush, Bill Clinton and Barack Obama, went nowhere slowly even when Yasser Arafat was replaced by the more pragmatic Mahmoud Abbas. Netanyahu’s second term began in 2009. The “peace camp” has shrunk significantly. These days 50 % of Israeli Jews self-identify as right-wingers, 23% as centrist and just 18% as left-wing.
Potentially a key role in coalition-building could be played by Avigdor Lieberman, whose Yisrael Baytenu (Israel our Home) party won eight seats. Lieberman is a Russian-born former defence minister who withdrew support for Netanyahu after last April’s poll. He is backed by secular Jews who resent the influence of Orthodox religious parties – wooed by Netanyahu. On the Palestinian question, however, Lieberman is a right-winger who espouses openly racist views.
External factors are expected to influence the tortuous process of forming Israel’s next government. Netanyahu is likely to warn of the dangers posed by Iran, Hizbullah or Hamas – and seek to exploit their hostility. Another possibility is that if Trump’s long-promised “deal of the century” is finally unveiled Netanyahu will insist that he alone has the experience and judgement to protect Israel’s vital interests.
The election was widely seen as a referendum about Netanyahu. If he leaves office the result may be good for restoring Israelis’ faith in their democratic system. But whatever else happens it remains doubtful whether the new shape of the country’s coalition government will make much difference to the crucial question of relations with the Palestinians. It is simply not a priority any more.
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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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