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Syria constitutional talks stuck on first day of new round

Damascus government delegates to a Syrian Constitutional Committee left the second UN-sponsored round before it began on Monday, in what opposition members said was a stalling tactic, and it was unclear whether talks would take place on Tuesday.
The talks are meant to be a step forward in what the United Nations says will be a long road to political rapprochement, followed by-elections.
But experts question whether President Bashar al-Assad will be willing to cede much in any negotiations after his Russian- and Iranian-back forces recaptured large areas of the country in offensives against opposition fighters and militants since 2015.
Syrian television reported that the government delegation left the United Nations in Geneva on Monday because they did not get answers to their proposal to specify a work schedule.
UN Special Envoy Geir Pedersen met the two co-chairs from the government and opposition sides and was continuing his consultations with a view to the panel’s resumption, a UN spokeswoman said.
“The situation is blocked,” a Western diplomat said.
The opening round of the first Syrian peace talks in more than a year went “better than most people would have expected,” Pedersen told reporters on November 8 after an opening 10-day round.
Forty-five delegates who form the committee’s drafting group arrived at the UN European headquarters on Monday.
The group is made up of 15 members each from the government, opposition and civil society but they did not meet together.
“The Constitutional Committee of today was not held. And the reason is there is no agreement on the program or the schedule to be discussed for the meeting,” Yahya al-Aridi, a Syrian opposition spokesman, told reporters upon leaving.
“The joint head of the Constitutional Committee from the regime side presented an item which is considered by him to be a schedule, namely it included fighting terrorism, it included lifting of sanctions and the condemnation of what he called the Turkish invasion,” Aridi said, describing the government demands as “political.”
Opposition delegate Bassma Kodmani said her side had proposed an agenda last week for a structured discussion but had no reply.
“Now the government delegate comes with an agenda saying they want to discuss ‘basic patriotic principles’ as a set of pre-conditions to the constitutional discussion,” Kodmani told Reuters.
The opposition was willing to discuss such principles as part of the constitutional work but not outside it, she said.
“The approach they (the government) suggest is designed to buy time,” Kodmani said.
source: Reuters
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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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