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After three years with no accountability, Lebanon mourns Beirut Port blast victims.

after three years with no accountability, Lebanon mourns Beirut Port blast victims.
Lebanon on Friday mourned those killed in the port blast that devastated Beirut three years ago as religious leaders and rights groups decried the lack of accountability among political leaders who stymied the official investigation.
The explosion killed at least 220 people and wounded thousands more when hundreds of tonnes of ammonium nitrate stored in a warehouse detonated just after 6 p.m. (1600 GMT) on August 4, 2020, sending a huge cloud over the city.
Despite the devastation, no senior figures have been held to account and an investigation has been obstructed by legal measures, prompting outrage in Lebanon and abroad.
Survivors and the families of victims say the lack of accountability has kept them stuck in 2020.
Rita Hitti lost her 26-year-old son, 34-year-old brother-in-law and 21-year-old nephew - all firefighters who responded to the call about a fire at the port on August 4 and were killed when the blast went off.
“They were at the prime of their lives. Their lives were cut short - and we died along with them,” she told Reuters.
Many shops and restaurants obliterated by the blast have been painstakingly rebuilt, hosting an influx of tourists and Lebanese expatriates late into Thursday night.
But on Friday, the usually-bustling streets were empty and businesses shuttered to mark a national day of mourning.
Rights group Amnesty International said it was unacceptable that no one has been held responsible for the tragedy.
“Instead, the authorities have used every tool at their disposal to shamelessly undermine and obstruct the domestic investigation to shield themselves from accountability - and perpetuate the culture of impunity in the country,” said Aya Majzoub, Amnesty’s deputy director for the region.
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The explosion is thought to have been set off by a fire in a warehouse. The chemicals had been stored at the port since 2013 when they were unloaded during an unscheduled stop, but no one has claimed the shipment and it remained there despite senior officials knowing of its presence.
The probe, led by Judge Tarek Bitar, has been stalled since late 2021 by a slew of legal complaints filed against him by some of the suspects, including current and former officials.
In a memorial church service on the eve of the blast anniversary, Lebanon’s top Christian cleric Patriarch Bechara Boutros al-Rai backed calls for an international fact-finding committee and called for a halt to meddling in the blast probe.
“What hurts these families and hurts us the most is the indifference of state officials who are preoccupied with their interests and cheap calculations,” Rai said.
The blast hit as Lebanon was already struggling with a financial meltdown that began in 2019 and the COVID-19 pandemic.
The economy has sunk further since, with the local currency losing 98 percent of its value and thousands of families impoverished.
source: alarabiya
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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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