UNHCR:10,000 People Crossed the Border from Lebanon to Syria
September 26, 2024, 12:24 pm

UNHCR:10,000 People Crossed the Border from Lebanon to Syria

الحدود السورية اللبنانية

The Syrian-Lebanese border is witnessing significant displacement from Lebanon to Syria, as thousands of Syrian and Lebanese families have flowed into the border region fleeing the continuous Israeli bombardment, which has lasted for several days and resulted in the death and injury of hundreds, alongside Israeli threats of a possible ground invasion.

The United Nations High Commissioner for Refugees (UNHCR) issued a report on Wednesday regarding the situation, noting that the Israeli attacks primarily targeted southern Lebanon, including the southern suburbs of Beirut and the Bekaa Valley, leading to the death of approximately 550 people, including a staff member and a contractor with the UNHCR, as well as around 1,800 injuries.

According to the UNHCR, based on information from the Syrian Arab Red Crescent, approximately 10,000 people have crossed the border into Syria since September 23, with Syrians making up 70% of the displaced, while the remaining 30% were Lebanese. The movement of crossings was heavily concentrated at the Jdeidet Yabous border crossing.

The UNHCR also confirmed that the Syrian authorities have kept the border open and there have been no recorded instances of entry denial, indicating that the displaced are mainly heading to the provinces of Homs, Damascus, Rural Damascus, and Tartus.

On September 25, a decrease in the number of crowds was observed at the Syrian side of the Jdeidet Yabous crossing, while the UNHCR continued to monitor the number of families that crossed the border.

Earlier, the newspaper "Al-Watan," which is close to the Syrian regime, reported, based on a source in the Immigration and Passport Department, that about 5,650 Lebanese had entered Syria, while the number of Syrians crossing the border reached 7,820.

The Rural Damascus governorate also reported on Wednesday that the number of arrivals via the Jdeidet Yabous crossing had reached 2,000 Syrians and 3,900 Lebanese.

Massacre of Joura and Qusour: One of the Most Horrific Chapters of the War in Deir ez-Zor Netanyahu Rejects Ceasefire Proposal Amid Rising Right-Wing Voices

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.