UK and US blame Iran for deadly attack on Israeli tanker
August 2, 2021, 3:23 am

UK and US blame Iran for deadly attack on Israeli tanker

The Mercer Street

According to the BBC, the UK and US believe Iran was behind a tanker attack that killed two people, and have vowed to respond, calling it a violation of international law.

The MV Mercer Street, operated by an Israeli-owned firm, was attacked off Oman on Thursday.

A British national and a Romanian citizen were killed.

The BBC said, the statements came after Israel's Prime Minister Naftali Bennett said there was "evidence" that its longstanding foe Iran was responsible.

Mr Bennett warned that "we know how to send a message to Iran in our own way", while Tehran rejected what it called the "baseless accusations".

According to the BBC, the attack on the MV Mercer Street appears to be the latest escalation in an undeclared "shadow war" between Israel and Iran.

Since March there have been several attacks on both Israeli and Iranian-operated vessels, which are seen as tit-for-tat incidents. Casualties are considered rare.

Iran has also accused Israel of targeting its nuclear sites and scientists.

In a statement on Sunday, UK Foreign Secretary Dominic Raab said London believed Iran had used one or more drones against the MV Mercer Street, calling it "deliberate, targeted, and a clear violation of international law".

He added, "Iran must end such attacks, and vessels must be allowed to navigate freely."

US Secretary of State Antony Blinken said Washington was also "confident that Iran conducted this", and that an "appropriate response" would follow.

Naftali Bennett raised speculation about retaliation, saying "we know how to send a message to Iran in our own way"/EPA

Israel's Prime Minister said it expected the international community to make clear to Iran that it had made a serious mistake.

Iran conceded nothing in response. Its foreign ministry spokesman, Saeed Khatibzadeh, told reporters that "the Zionist regime (Israel) has created insecurity, terror and violence".

He said Israel "must stop such baseless accusations", warning: "Whoever sows the wind reaps the whirlwind."

The escalation comes against the backdrop of key nuclear talks in Vienna. Officials are attempting to revive a 2015 international deal under which sanctions on Iran are lifted in return for commitments from Tehran to curb its nuclear programme.

Western countries have accused Iran of trying to build a nuclear bomb. Iran denies this, insisting its nuclear programme is focused on research and power generation.

Source: BBC
Image source: Reuters-BBC

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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.