Ivanka Trump lauds Saudi Arabia, UAE on women’s rights reforms
February 16, 2020, 3:55 pm

Ivanka Trump lauds Saudi Arabia, UAE on women’s rights reforms

Ivanka Trump, the daughter and senior adviser to US President Donald Trump, delivers the keynote address at Global Women's Forum in Dubai on Feb. 16, 2020. (AP)

Ivanka Trump lauded close US allies Saudi Arabia and the United Arab Emirates on Sunday, for embarking on “significant reforms” to advance women’s rights, while speaking at a gathering of women entrepreneurs and regional leaders in Dubai.

Trump congratulated Saudi Arabia for recent changes in the law that allow women to travel abroad and obtain a passport without the permission of a male relative. In 2018, a ban on women driving cars was lifted. The changes are part of Saudi Arabia's Vision 2030, which aims to diversify Saudi Arabia’s economy beyond oil and gas and to promote private sector growth and entrepreneurship. It includes the goal of increasing women’s labor force participation from 22 percent to 30 percent.

Trump pointed to changes in other Mideast countries, as well. She said Bahrain had introduced legislation against discrimination in the workplace; Jordan had eliminated legal restrictions on women’s ability to work at night; Morocco had expanded women’s land rights; and Tunisia had introduced laws to combat domestic violence.

She said, though, more work needed to be done. She noted that across the region, women on average still have only half the legal rights of men.

Trump, adviser to US President Donald Trump, was delivering the keynote address at the two-day Global Women’s Forum.

“We know that when women are free to succeed, families thrive, communities flourish and nations are stronger,” Trump said.

The 38-year-old mother of three has positioned herself as an Oval Office confidante while spearheading initiatives that broadly back women’s empowerment. Her husband Jared Kushner has become a top adviser on US Mideast policy.

Once the owner of an eponymous fashion line, Ivanka Trump has wielded her proximity to the president to promote policies affecting women and deliver speeches around the world about women’s economic empowerment. She meets with world leaders as a key White House official.

The audience for her speech in the UAE included Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince Hamdan bin Mohammed Al Maktoum, World Bank President David Malpass and International Monetary Fund chief Kristalina Georgieva.

During her two-day visit to the UAE, Trump met with women entrepreneurs and discussed a US government project she’s leading that’s aimed at helping women in developing countries. The Women’s Global Development and Prosperity Initiative was launched last year with backing by her father.

source : The Associated Press

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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.