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Opening Borders with Assad regime...!

Opening Borders with Assad regime...!
Opening the borders to the Iranian, Baathist, and Russian occupation forces presents several challenges:
The security challenge arises as neighboring countries, with their technical and security capabilities, have been impacted by the smuggling and security penetration activities of drug and weapon cartels associated with the regime, Iran, and Hezbollah. Therefore, the liberated areas will continue to face these security challenges.
The occupation forces are the primary beneficiaries of any economic gains from the border crossings, prompting the residents of the liberated areas to question whether they have ever benefited from the crossings run by warlords.
The borders also provide an opportunity to establish economic ties between the occupying forces and those in the liberated areas.
The use of border crossings serves as a tool for soft normalization policies with Assad regime.
There is a concern that, over time, the regime will gain control over the liberated areas’ crossings, leading to them becoming tools of control in the regime’s hands amidst regional and international normalization efforts.
The decision to break ties with the regime and occupation forces is a strategic one that should not be compromised by economic or humanitarian considerations. The international community should push for regime change rather than pressuring for cooperation with the regime.
Regional and international actors need to stop engaging with the revolution in a naïve and indifferent manner and should avoid making arguments that do not serve the interest of the Syrian people.
The collaboration with the regime and occupation forces through border crossings is deemed a fatal strategic mistake for the Syrian revolution. The arguments in favor of such collaboration are seen as attempts to exploit the emotions of the revolutionaries, as well as the poverty and unemployment in the liberated areas, with false promises of improved conditions resulting from economic exchange.
Regional and international actors should alleviate the pressure and blockade on the liberated areas, cease using them as a market for their products, prevent warlords and corrupt individuals from controlling their resources, and work towards aiding their growth and prosperity. Additionally, efforts should be directed at compensating the displaced for their losses during the 13 years of the revolution and ending the guardianship in order to embody the desired idea of change.
As attempts to exploit the emotions of the revolutionaries, as well as the poverty and unemployment in the liberated areas, with false promises of improved conditions resulting from economic exchange.
Regional and international actors should alleviate the pressure and blockade on the liberated areas, cease using them as a market for their products, prevent warlords and corrupt individuals from controlling their resources, and work towards aiding their growth and prosperity. Additionally, efforts should be directed at compensating the displaced for their losses during the 13 years of the revolution and ending the guardianship in order to embody the desired idea of change.
Naif Shaaban
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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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