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Youth leaders at UN demand bold climate change action

Fresh off the climate strike that took hundreds of thousands of young people out of classrooms and into the streets globally, youth leaders gathered at the United Nations on Saturday to demand radical moves to fight climate change.
“We showed that we are united and that we, young people, are unstoppable,” Swedish 16-year-old activist Greta Thunberg, who started the climate strike movement with her lone protest in front of her country’s parliament about a year and a half ago.
More than 700 mostly young activists attended the first of its kind Youth Climate Summit, according to Luis Alfonso de Alba, the UN special climate summit envoy.
Friday’s strike across six continents and Saturday’s youth conference presage a full-on climate conference next week at the UN General Assembly, which has placed the issue of climate change at front and center as world leaders gather for the annual meeting.
Activists at Saturday’s gathering demanded money for a fund to help poorer nations adapt to a warming world and provide greener energy. They also insisted that the world should wean itself quickly from coal, oil and gas that cause climate change.
“Stop the criminal contaminant behavior of big corporations,” said Argentine climate activist Bruno Rodriguez. “Enough is enough. We don’t want fossil fuels anymore.”
Jayathma Wickramanayake, the UN Secretary-General’s youth envoy, called climate change “the defining issue of our time. Millions of young people all over the world are already being affected by it.”
During Thunberg’s short lifetime, for example, the Earth has already warmed 0.6 degrees Fahrenheit (0.34 degrees Celsiuis).
Fiji climate activist Komal Karishma Kumar said global warming is not just taking a toll on the planet but on her generation, especially people from vulnerable places like her Pacific island nation.
“Young people from different parts of the world are living in constant fear and climate anxiety, fearing the future, the uncertainty of a healthy life or a life for their children at all,” Kumar said.
She added: “I do not want our future generations to submerge with our sinking islands.”
After listening to Thunberg and other youth climate activists, a tie-less Secretary-General Antonio Guterres credited young people with transforming him from a pessimist to an optimist in the fight against global warming.
Guterres said he sees “a change in momentum” going into Monday’s Climate Action Summit taking place ahead of the UN General Assembly gathering of world leaders that starts Tuesday, telling the youths “you have started this movement.”
“I encourage you to keep your initiative. Keep your mobilization and more and more to hold my generation accountable,” Guterres said. “My generation has largely failed until now to preserve both justice in the world and to preserve the planet.”
Kumar told Guterres that “we will hold you accountable and if you do not, remember we will mobilize to vote you out.”
The youth activists brainstormed about what they could do to change the trajectory of an ever-warming planet and how they can help the world adapt to climate’s changes. There was talk of hashtags, entrepreneurial ideas and climate art and poetry.
“Be that hummingbird that puts out the forest fire by fetching water with its small beak as all the other animals, including the elephant, told her it was impossible,” said Kenyan activist Wanjuhi Njroge.
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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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