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Laughter is one way to deal with the Corona crisis

“On the underground in London,” one British Twitter user reported wittily the other day. “We’re doing our best to keep a metre apart. Lot of nervous smiling. A lady has just sneezed, but, bless her, she put her entire head into her handbag to do so.” Corona
Laughing at the impact of the spreading Corona virus crisis is one way of dealing with stress. Now that the World Health Organization has defined it as a global pandemic every country on earth has to rise to the challenge. Strikingly, Europe has been identified as the epicentre, with African countries now ironically closing their borders to their former colonial masters.
Britain is no exception. With the figures of those infected rising by the day, Boris Johnson, the prime minister, has been getting mixed reviews for his handling of this unprecedented emergency. Initially he was praised for relying on sensible-sounding government scientific and medical advisers.
That was because in the course of the endless Brexit saga, Conservative ministers rubbished the view of economists and other professionals that leaving the European Union would do serious damage to the country’s economy and pledged, following Johnson’s catchy pre-election slogan, simply to “get Brexit done.”
Government scientists believe the UK is still in the early days of the epidemic. Their strategy is to broaden the peak of infection, delay its spread and build up what is known as “herd immunity.” British schools are to remain open for now because children do not appear to be transmitters. “Social distancing” measures, they argue, are not a panacea.
Now, however, in an increasingly panicky atmosphere, doubts are multiplying about that expert advice. The UK approach to Corona has differed strikingly from that of other countries, especially its European neighbours. On March 13, however, the British government changed tack, announcing that mass meetings, including football matches, may have to be postponed, though schools would remain open for now. Corona
The Labour opposition has demanded that Johnson to explain more clearly why policy differs from the far more stringent measures adopted elsewhere, including in Ireland. Individual institutions –universities, companies and sports clubs – have adopted more radical approaches. Many employers, families and individuals are taking precautions before the government has required them to do so. The Queen has cancelled upcoming public engagements and the release of the latest James Bond film has been postponed. Corona
The recent UK budget was designed in part to throw money at the Corona problem, though it had little effect on the disastrous fall in stock markets. Fears are mounting that the National Health Service will not be able to cope with the burden of close to 8 million people who may need to be hospitalized. British Airways, like many airlines around the world, has expressed alarm about the disastrous effect of travel bans and cancelled flights.
Many expressed astonishment that the US ban on entry for citizens of 26 European states – announced by President Donald Trump – did not include the UK. That fueled speculation that his motive was to safeguard his own business interests – a hotel and golf course in Scotland – though he later revoked the British exception.
Trump attracted fury in Europe and around the world for portraying the Covid-19 threat as one posed by “foreigners” rather than a global danger that required international cooperation, not unilateral action.
Gordon Brown, the Labour prime minister at the time of the 2008 financial crash, argued convincingly that the crisis was raging in a “divided, leaderless world and we are all suffering from the tendency to go it alone.” The US president, he suggested, need to drop his “America first” policies, along with “China first,” “India first” and “Russia first.” Corona
“Since the high point of cooperation in 2009, nationalists have been in the ascendant – building walls, closing borders, clamping down on immigrants and imposing tariffs,” Brown wrote. “And what was first a protectionist nationalism has morphed into an aggressive us-versus-them unilateralism.”
Brits, like others, find it hard not to obsessively follow the latest news about the escalating crisis – out of understandable concern for themselves and their loved ones. Still there are heart-warming distractions that underline our common humanity – for example images of self-isolating Italians singing opera from their balconies in Rome.
Amidst speculation about a permanent decrease in travel and increasingly local activities when the crisis is done - or a vaccine has been found - one Twitter user opined: ”When this is over we will want nothing more than to rediscover the world.” Corona
Another hot topic is the transparent self-interest of those in power – and not just Trump. Syria’s health minister denied that Corona existed in his country and claimed that the Syrian Arab Army had got rid “of a lot of germs.” In Israel Binyamin Netanyahu caused outrage by ordering the courts to suspend proceedings – including the impending case against him for corruption.
“I have decided to quarantine myself in the Kremlin until 2036,” tweeted an account called “Darth Putin.” You have to laugh. If not you will surely weep at the current state of the world. Corona
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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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