President Zelensky meets face-to-face with Antony Blinken and Lloyd Austin
April 25, 2022, 9:05 am

President Zelensky meets face-to-face with Antony Blinken and Lloyd Austin

Ukrainian President Volodymyr Zelensky (Photo: Official Facebook page)

The Euronews reported, Ukrainian President Volodymyr Zelenskyy met with the US secretaries of state and defence on Sunday night in what was the highest-level visit to the country’s capital by an American delegation since the start of the war.

According to the report, Zelenskyy’s last face-to-face meeting with a top US official was on 19 February in Munich with Vice President Kamala Harris, five days before Russia’s invasion.

The secretive meeting with Secretary of State Antony Blinken and Defence Secretary Lloyd Austin came as Ukraine pressed the West for more powerful weapons and as Russia continued its campaign in the eastern Donbas region, where Moscow’s forces are seeking to dislodge the last Ukrainian troops in the battered port of Mariupol.

Blinken and Austin told Zelenskyy and his advisers that the United States would provide more than $300 million in foreign military financing and had approved a $165 million sale of ammunition.

Russian troops destroyed the village of Kyiv Oblast (Photo: Euromaidan press via Vladimir Vetrogradskiy)

They also said that President Joe Biden would soon announce his nominee for ambassador to Ukraine, and that American diplomats who left Ukraine before the war would start returning to the country this week.

Reporters who accompanied Austin and Blinken to Poland were barred from reporting the Kyiv visit until the two men physically left Ukraine, with American officials citing security concerns.

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Before the meeting, Zelenskyy said he was looking for the Americans to produce results, both in arms and security guarantees.

He said: “You can’t come to us empty-handed today, and we are expecting not just presents or some kind of cakes, we are expecting specific things and specific weapons."

While the West has funnelled military equipment to Ukraine, Zelenskyy has stressed repeatedly that his country needs more heavy weapons, including long-range air defence systems and planes.

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The meeting took place as Ukrainians and Russians observed Orthodox Easter. Speaking from Kyiv’s ancient St Sophia Cathedral earlier in the day, Zelenskyy, who is Jewish, highlighted its significance to a nation wracked by nearly two months of war.

He said: “The great holiday today gives us great hope and unwavering faith that light will overcome darkness, good will overcome evil, life will overcome death, and therefore Ukraine will surely win!"

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The report noted that the Russian military reported hitting 423 Ukrainian targets overnight, including fortified positions and troop concentrations, while its planes destroyed 26 Ukrainian military sites, including an explosives factory and several artillery depots.

Source: euronews

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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.