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Netanyahu, Gantz in unity talks; may rotate as Israel PM

Prime Minister Benjamin Netanyahu and his rival Benny Gantz launched negotiations on Monday over a proposed Israeli unity government and a key politician said the focus was on who would lead it first under a rotation deal.
After failing to secure a clear victory in the second election in six months, Netanyahu, Israel’s longest-serving premier, seems to reckon he can stay in power only by sharing it.
Going solo, neither he nor ex-general Gantz have enough support from respective allies for a majority in the 120-member parliament.
Gantz, head of the centrist Blue and White Party, has been publicly resistant to the idea of allying with Netanyahu’s right-wing Likud, citing looming corruption charges against the incumbent.
President Reuven Rivlin, tasked with picking a candidate best-placed to try to form the next governing coalition, has spoken in favor of unity and, on Monday, summoned Netanyahu and Gantz for closed-door talks.
Gantz met earlier with Avigdor Lieberman, a political free agent and likely kingmaker thanks to his eight seats in parliament.
“Happily, the two big parties have internalized the pressing necessity of setting up a unity government with a rotating premiership,” Lieberman said on Facebook.
Concluding their meeting at Rivlin’s Jerusalem office, Netanyahu and Gantz issued a joint statement saying they had “discussed moving forward with unity’. It did not elaborate.
“The entire argument right now is over the question of who will serve first as prime minister, and who second,” said Lieberman.
Such a rotation has a precedent in the 1984-88 unity government of left-leaning Shimon Peres and right-winger Yitzhak Shamir, who took turns as prime minister.
If a power-sharing deal is forged, it could be imperative for Netanyahu to serve as prime minister first should he seek to avoid prosecution.
Immunity
Next month, Israel’s attorney-general will hold a pre-trial hearing on his announced intention to indict the Israeli leader on fraud and bribery charges in three corruption cases. Netanyahu, who denies any wrongdoing, can argue against an indictment at the hearing.
As prime minister, Netanyahu would be under no legal obligation to resign if formal charges are filed. But any other cabinet post might not offer him that protection.
The candidates’ negotiating teams would confer on Tuesday ahead of another possible Rivlin-hosted meeting of Netanyahu and Gantz on Wednesday, the statement said.
Likud won 31 parliament seats to Blue and White’s 33 in Tuesday’s election, near-complete results show.
On paper, Netanyahu has a slim lead over Gantz in building a parliamentary bloc, with pledges of support from 55 members of a right-wing grouping to 54 for Gantz from left-leaning and Arab parties. Both are short of a 61-seat majority.
Netanyahu’s slight edge might move Rivlin to ask him to try to build a narrow coalition if a unity government proves impossible. A nominee gets 28 days to do so, with a possible 14-day extension, before Rivlin can turn to someone else.
Gantz had appeared to have 57 backers but three of the Arab Joint List’s 13 members on Monday withdrew support they had pledged to him a day earlier.
Lieberman, of the far-right Yisrael Beitenu party, wants an alliance with Likud and Blue and White. But he has refused to commit to either Netanyahu or Gantz, citing his own policy differences with Likud’s Jewish ultra-Orthodox allies and Blue and White’s Arab backers.
Netanyahu and Gantz appear close on many important issues, such as relations with the United States, the regional struggle against Iran and the Palestinian conflict.
Gantz, however, has called for a ‘liberal’ administration, political shorthand for one that does not include Netanyahu’s ultra-Orthodox partners. After the election, Netanyahu swiftly signed a new alliance with them.
Any unity deal would likely also force Gantz to address the issue of parliamentary immunity from prosecution that Netanyahu’s supporters have pledged to seek.
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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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