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Yemen Coalition addresses Biden over danger of removing Houthis from list of terrorist organizations

The Yemeni Coalition for Independent Women and 35 regional and international organizations said in a letter addressed to Biden: Removing the Houthis from the Foreign Terrorist Organization list encouraged them to commit more crimes.
The organizations that signed the letter said that removing the Houthi group from the lists of global terrorism was intended to alleviate the deteriorating humanitarian situation in Yemen, but the Houthi militia misunderstood the message and escalated its combat operations for a year and a half and did not engage in a fruitful dialogue, which exacerbated the humanitarian crisis and increased the situation. suffering of the citizens.
In their letter, the organizations confirmed the escalation of the Houthi group’s violence after it was removed from the list of terrorist organizations, as the group’s crimes varied between the siege of cities, the bombing of civilians, the bombing of roads and schools, the sniping of civilians, the recruitment of children, displacement, the theft of humanitarian aid, the looting of employee salaries, the bombing of neighboring countries and the arrest of journalists and opponents.

The organizations that signed the letter considered the removal of the Houthi group's designation from the lists of terrorism, which enabled the Houthis to re-establish their ability to move freely between the financial and international systems.
The letter drew the US President's attention to the suffering of the abductees inside the prisons of the Houthi militia, which includes four Yemeni journalists who have been kidnapped since 2015 and are at risk of execution at any time, in addition to the suffering of abducted women who are subjected to all kinds of torture in that prison.
Houthi militia: Child soldiers aged 10 ‘are true men'
The letter indicated that the areas not under the control of the Houthis witnessed a significant escalation of hostilities, in the last half of the past year 2021 AD, which led to the displacement of nearly 100,000 people to other areas that their missiles did not reach.
As of June 2022, more than 19 million people are expected to be severely food insecure, an increase of 9% over the first half of 2022.
The letter mentioned that women in Yemen have been raped, murdered, kidnapped and arrested since the beginning of the war at the hands of the terrorist Houthi militia.
Houthis committed 2,158 violations against religious leaders aand mosques in 4 months
This message comes in conjunction with US President Joseph Biden's visit to the region and the Houthis' obstruction of peace efforts and their continued siege of the city of Taiz, which provides for the UN initiative to open roads leading to the city of Taiz and end the suffering of Yemenis.
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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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