Queen admits 'bumpy' year in Christmas message
December 24, 2019, 10:42 am

Queen admits 'bumpy' year in Christmas message

The 93-year-old monarch will use her televised address on Wednesday to reflect on the need for reconciliation File photo AFP

Queen Elizabeth II called 2019 "quite bumpy" in a Christmas message at the end of a chaotic year which saw Britain bitterly divided over its split from the European Union and her scandal-plagued son Prince Andrew withdraw from public life.

But in some good news on Tuesday, the 93-year-old monarch's husband Prince Philip checked out of a London hospital after four nights of treatment for an undisclosed "pre-existing condition" in time to join the royal family for Christmas.

The year was filled with disappointments for the queen -- a seminal figure in British public life who assumed the throne in 1952 and is beloved by much of the nation.

None may have been more bitter than a calamitous BBC interview in which her second son Andrew tried to distance himself from American paedophile Jeffrey Epstein.

Andrew promised to "step back from public duties" after his denial of having sex with one of Epstein's alleged victims was ridiculed in the UK media and reportedly criticised in Buckingham Palace.

The queen will point to the life of Jesus as an example of how reconciliation can be achieved and "how small steps taken in faith and in hope can overcome long-held differences and deep-seated divisions" in her speech, which will be broadcast on Christmas Day.

The remarks were widely interpreted as a reference to the Brexit debate that has torn Britain apart since it voted to leave the EU in a 2016 referendum.

"The path, of course, is not always smooth, and may at times this year have felt quite bumpy, but small steps can make a world of difference," the queen will say.

Royal commentators said the queen's use of the word "bumpy" marked her most explicit admission of turmoil since her headline-grabbing description of 1992 as an "annus horribilis".

The marriages of three of her children fell apart and her beloved Windsor Castle nearly went up in flames that "horrible year".

- Missing picture -

The queen found herself dragged into the tortuous political drama of Brexit when she approved Prime Minister Boris Johnson's request to suspend parliament in August. Critics claimed it was an attempt to silence opponents to his Brexit plans.

The Supreme Court subsequently ruled that Johnson's request had been unlawful and many people blamed him for making the queen look bad.

The queen was also rumoured to have been disappointed by her grandson Prince Harry and his American former actress wife Meghan Markle.

The young couple made waves by speaking out about their struggle with living in the public eye and then suing three British newspapers for prying into their private lives.

Their picture was notably absent from the collection of family photographs on the queen's desk in her televised address.

Harry and Meghan will also miss that annual Christmas Day gathering at the royal retreat at Sandringham that Philip was whisked to after leaving hospital.

-'Spirit of reconciliation' -

The queen has remained one of Britain's most popular figures despite the royal family's travails.

A poll by YouGov in November showed 72 percent of respondents had a positive opinion of the monarch.

The queen's Christmas Day message also reflected on the heroism of British forces during the D-Day landings in Normandy that turned the course of World War II in 1944.

Her trips abroad are becoming increasingly rare, but she made one in June to attend the 75th anniversary commemorations in France.

"For the 75th anniversary of that decisive battle, in a true spirit of reconciliation, those who had formerly been sworn enemies came together in friendly commemorations either side of the Channel, putting past differences behind them," the queen will say in her message.

"By being willing to put past differences behind us and move forward together, we honour the freedom and democracy once won for us at so great a cost."

SOURCE : AFP

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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.