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Pedersen: Syrians' Hopes Have Declined and Coastal Events Are Concerning
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The events in the Syrian coastal area have revealed the depth of the crisis and the necessity for an independent and transparent investigation that ensures accountability for those responsible for kil

UN Special Envoy for Syria Geir Pedersen expressed deep concern during a periodic Security Council session on Syria, emphasizing that "the hopes of the Syrian people have significantly declined this month," and that the events in the Syrian coastal region have exacerbated fears and concerns about the country's future.
Pedersen detailed what occurred on the coast, saying: "On Thursday, March 6, armed groups associated with the previous regime set up ambushes for authorities in coastal areas," noting that "data indicates attacks on security apparatus headquarters and some hospitals."
The UN diplomat referred to the influx of forces to the coast "under the authority of or linked to the Ministry of Defense, including foreign fighters and randomly armed groups," expressing his distress over "the number of civilian casualties and the spread of mass killings against civilians and unarmed individuals."
Pedersen revealed horrific facts about these events, confirming that "entire families were completely wiped out," and that they "are still receiving reports of operations with a sectarian character," warning that "the attack on the caretaker authorities and mass killings came against a backdrop of insecurity."
The UN envoy called for a "comprehensive investigation to identify the perpetrators of violence against civilians," adding that during his dialogue with the caretaker authorities, he emphasized the need for "investigations to be transparent, comprehensive, independent, and for witnesses not to be intimidated and to be protected."
Pedersen stressed that "the results must be made available to the public, sending a clear message that the era of impunity in Syria is over," welcoming the formation of "a civil peace committee in the coastal region" by the caretaker authorities.
Regarding the transitional process, Pedersen reviewed the latest developments, saying: "February witnessed the convening of the national dialogue in Damascus after local consultations," explaining that "the dialogue produced a final statement with non-binding recommendations."
The UN envoy noted that the authorities "issued a constitutional declaration that was praised by some Syrians, while others expressed reservations, especially regarding the extensive powers granted to the president and ambiguity about the transitional phase," indicating that "we were consulted in the process, and some of our consultations were taken into consideration, while others were ignored."
The UN envoy identified two possible paths for Syria's future. The first "would return it to violence, instability, monopoly of power, conflict, and fragmentation, at a time when its sovereignty is routinely violated by external forces," considering that "this path is unacceptable and should not be pursued."
The second path includes "an inclusive political transition process, in which the Syrian people regain their sovereignty, overcome conflict, revive the economy, achieve their aspirations, and contribute to regional stability."
For her part, the United States representative to the Security Council expressed concern about the "constitutional framework project," noting that it "is not going in the right direction," calling on the interim authorities to "engage in an inclusive political process."
The American representative affirmed that her country "supports a political transition process that leads to a credible and non-sectarian government," warning that if "the committee drafting the permanent constitution does not represent everyone, it will fail."
The French representative to the Security Council expressed a similar vision, calling for "the continuation of national dialogue to include all Syrians," confirming his country's support "for the formation of a government that all Syrians feel is legitimate," and emphasizing the need to "take into account the interests of everyone in Syria, because they represent Syria's wealth."
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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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