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Supporting terrorism surrounds Qatar... A new scandal “Everyday”

Every time Qatar carries on its desperate attempts to evade charges of supporting and financing terrorism, regionally and internationally, a new truth unfolds confirming Doha’s involvement in “providing crucial support” to extremist groups, in different and unexpected countries.
Over the past few years, it was proven that senior Qatari officials were involved in providing financial, military and even logistic support for terrorism in many countries around the world.
Qatar financing terrorism via a British bank
The latest Qatari scandal was revealed by The Times newspaper, which says that a British bank controlled by the Qatari state is providing financial services to multiple British organisations linked to “extremist groups” in the United Kingdom.
The paper also reported that some of Al Rayan Bank’s clients have had their accounts with western banks frozen or closed in a security clampdown, including a charity proscribed in the US as a terrorist entity for promoting radical preachers.
Tens of thousands of dollars for the terrorist Alsubaie
Last month, a report by the Wall Street Journal shed light on financial services provided by the Qatari state to terrorists, who are named in the terrorist black lists that were established by the Security Council, exploiting loopholes in the international sanctions system.
At the top of these is Qatari Khalifa Alsubaie, who received $120,000 in one year.
Alsubaie has been included in the international terrorist lists since 2008 for providing financial and material support to al-Qaeda.
He is accused by the United States of being “al-Qaeda’s right hand man in Qatar”, for lending support to leaders of the terrorist organisation, including Khalid Sheikh Mohammad, the mastermind of the 9/11 attacks.
Alsubaie was arrested in Qatar and released after 6 months, ignoring international and American requests to question him.
In 2012, Alsubaie was found to have been involved in transferring funds to Al-Qaeda in Pakistan. Moreover, in 2013 he raised money for Al-Qaeda affiliated group in Syria, Al-Nusra Front; he was also involved in raising funds for Abdullah Almoheisni, a leading figure in Al-Qaeda.
A billion dollars for terrorist militias in Iraq
The largest amount of money that Qatar paid to terrorist and extremist militias was in 2017 in Iraq, when Doha handed a billion dollars, which were shared by extremist groups, in return of the release of detained Qatari princes.
The ransom money was passed on to groups and individuals proscribed as “terrorists”, including Hizbullah militias in Iraq, and other groups affiliated with Al-Nusra Front (Al-Qaeda’s arm in Syria), in addition to tens of millions of dollars of individual payments.
In Libya, the hallmarks of Qatari terrorism have become evident to the national army, as besides Ankara, Doha is providing support to Fayez Al – Sarraj’s government in Tripoli, which is guarded by extremist militias benefiting from Qatari funds.
Libyan military and political officials spoke more than once about the Qatar’s efforts in supporting the militias in Tripoli, and to trying abort the national army’s mission to liberate the Libyan capital from the grips of extremists. They also pointed to Qatari and Turkish meetings with the leaders of Tripoli’s terrorists.
Furthermore, on more than one occasion, the Libyan national army found arms bearing the logo of the Qatari army, once inside the house of Al-Qaeda’s leader in Derna, and another time in Benghazi, following the elimination of “Daesh” there.
In resounding news, a recent audio recording revealed the involvement of Qatar in bombings in Somalia, aiming to destabilise the Arab country and to find an excuse for Doha to interfere and expand its influence there.
The recording was a phone call between the Qatari ambassador to Somalia, Hassan Ben Hamza Ben Hashim, and the businessman Khalifa Kayed Al Mohannadi who is close to the Emir of Qatar Tamim Bin Hamad.
During the call, the business man confirmed that Doha is behind the bombing that happened in Bosaso on the 18th of last May, and he plainly said that “Friends of Qatar executed the attack”, in a confession which leaves no doubt about the strong relations between Doha and the extremists in the Horn of Africa region.
However, this support is hardly surprising as it comes from a state that harbours leaders of extremist groups, such as the Muslim Brothers, Al-Qaeda, and Daesh, who are wanted by neighbouring countries, and that owns media outlets which blatantly spread the venom of terrorism across the region and worldwide.
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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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