Argentine lake turns pink due to pollution
August 3, 2021, 7:55 am

Argentine lake turns pink due to pollution

Argentina pink lake

The Honey Travel website reported the phenomenon of pink lakes is a major tourism drawcard for some countries, with tourists flocking to view the surreal attraction. Argentine lake

Unfortunately, Argentina won't be promoting their recently-formed pink lake on tourism posters any time soon.

Locals became concerned after lakes on the outskirts of the Argentine city of Trelew turned a bubblegum pink, quite suddenly.

Authorities have since uncovered a truck disposing of waste in the region's network of lagoons, according to social media posts shared by the city.

While no details have been provided on whether the polluted water is indeed toxic, environmentalists have been speculating on the possible causes.

One theory is that the pastel hue comes from the dye used at prawn farms to give the crustaceans their pink colour, as there are some such farms within close proximity to the lakes.

In naturally-occurring pink lakes, the hue is commonly caused by a specific type of algae called Dunaliella salina that grows within the salt crust on the lake's floor. It's the carotenoid red pigments secreted by these bacterias or algae that are responsible for the millennial pink transformation.

In the case of Australia's most famous pink lake, Lake Hillier in Western Australia, both Halobacteria and the Dunaliella salina algae are behind the body of water's Instagrammable hue.

Lake Hillier is a wildly popular tourism attraction in the region, with travellers able to take in the surreal lake by boat or in the air on a scenic joy flight.

Australia boasts a number of pink salt lakes, some of which are temporary and dependant on the seasons.

A few years ago, Melbourne residents were shocked when Westgate Lake turned pink almost overnight (watch the footage above). The lake only goes through such a seasonal fairy floss-like transformation when the water experiences a perfect combination of saltiness, high temperatures, increased sunlight and low rainfall.

Lake Eyre is one of Australia's more famous salt lakes, despite only flooding every 3-10 years. It occasionally takes on a pale bubblegum colour, and if you're lucky enough to visit during one of these floods, it's a sight to behold.

levant

Source: honeytravel
Image source: AP-honeytravel

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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.