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Not surprisingly, Abbas disappoints young Palestinians

Palestinians – and young people in particular – were bitterly disappointed by President Mahmoud Abbas’s decision to postpone parliamentary elections that were originally scheduled for later this month. The 85-year-old Abu Mazen, as he is widely known, was first elected for a four-year-term in 2006. Sixteen years later, he is still in power in Ramallah.
Like many issues linked to the Palestine-Israel conflict, Abbas’s move has generated angry controversy. Presidential elections, planned for late July, have also been postponed. But the decision was hardly surprising: from the moment he announced them in January there was speculation Abbas would call them off because of fear of rivals from his own Fatah movement. Hamas, based in the Gaza Strip, would also clearly pose a significant threat.
Prominent among his challengers was Marwan Barghouti, the charismatic Fatah leader imprisoned by Israel since 2004 for murder in the second intifada. Another is Nasser al-Qudwa, a nephew of Yasser Arafat. And Muhammad Dahlan, Arafat’s former Gaza security chief, who is living in the UAE, is now associated with the Future Party.
Israel, still struggling to form a new coalition government after its fourth election in two years, insisted on excluding East Jerusalem from both Palestinian polls, providing Abbas with a good excuse to abandon the elections. A survey conducted by the Palestinian Centre for Policy and Survey Research in March predicted Fatah would win only 32% of the vote. Israel, it seems, has a clear interest in keeping Abbas in power.
Abbas defined the demand that all 150,000 voters in East Jerusalem be allowed to cast their ballots as his “red line”. But under a previous agreement, as few as 6,300 could vote in Israeli post offices. In the last election, the remainder were allowed to cast their vote only if they lived outside the post-1967 expanded municipal boundaries.
Jerusalem, of course, has also been generating alarming news headlines in recent weeks, with right-wing Jewish extremists targeting Arabs and tensions rising during Ramadan over evictions of Palestinians from the eastern neighbourhood of Sheikh Jarrah. “It’s the height of racism,” complained one resident. “Jews can get their properties back, but not the Arabs.” On May 7 the Israeli Foreign Ministry defined the problem as a “real-estate dispute between private parties.”
That dismissive statement came in response to a rare expression of concern, by France, Germany, Italy, Spain and the UK, about the construction of illegal settlements in the West Bank. And Britain’s consul-general in Jerusalem clarified helpfully that the issue in Sheikh Jarrah centred around Palestinian families who had lost their original homes in 1948 and whose new accommodation was built by UNRWA in 1956 – on land previously claimed by Jews. “It is clear,” said Ahmad Tibi, an Israeli-Palestinian MP, “that the aim of this unjust eviction effort is to Judaize the Arab city of Jerusalem.” The UN even warned that evictions could constitute a “war crime.”
Ha’aretz, the liberal Israeli newspaper, put it bluntly: “In the end, half of Israel’s capital city is occupied, and 40 percent of its residents are noncitizens who view Israel as a foreign, oppressive regime.” Muhammad Deif, the commander of Hamas’s armed wing, also issued an ominous statement, warning Israel that it would “pay a heavy price” if it went ahead with the Sheikh Jarrah evictions.
Hamas had already criticised Abbas’s postponement of the elections as “opposed to our national consensus and popular opinion.” Fatah and Hamas have tried to reconcile their differences many times, but every attempt has descended into mutual recriminations, leaving the Palestinians divided politically, as well as geographically, and further dashing their hopes for independence.
Fear of Hamas was likely the deciding factor for Abbas– and that is shared by Israel, Jordan, and Egypt – and the US. In March, Nadav Argaman, the head of the Shin Bet, Israel’s domestic security service, held a “fraught” meeting with the Palestinian president, in which he encouraged him to cancel the polls. “You can’t hold elections with Hamas,” Argaman reportedly warned.
Going ahead with the polls would also have created a scenario which would complicate the Biden administration’s support for the Palestinian Authority (PA). That may account for Washington’s indifferent response to Abbas’ decision. Another factor may be Biden’s desire to return to the Iranian nuclear deal of 2015 – and not to arouse Israeli anger.
In any event, with no new election dates announced, it leaves Palestinian politics in a dysfunctional situation of profound uncertainty. The PA is widely seen as a corrupt, self-interested and maintaining the status quo of the 1993 Oslo Accords despite the widely-perceived demise of a two-state solution.
Palestinians born in the 1970’s and 1980’s desperately want to see a change in the grimly familiar reality of their lives under occupation: elections seem likely to interest young people, both as voters and as candidates, giving new life to their ageing political system – on the condition that Israel does not intervene or is prepared to allow only Fatah loyalists.
Achieving Palestinian national unity obviously is an important step. No-one, though can argue with the fact that young people – on both sides of this bitterly toxic divide – represent the future.
by: IAN BLACK
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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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