Moscow mayor orders new COVID-19 restrictions as infections soar
October 20, 2021, 4:26 am

Moscow mayor orders new COVID-19 restrictions as infections soar

COVID-19-Restrictions/Shutterstock

The BBC reported Moscow's mayor has ordered unvaccinated people over 60 and those with chronic illnesses to stay at home, as Russia struggles with record Covid-19 deaths and infections.

Sergei Sobyanin said the restrictions would last four months, starting on Monday. Those affected will only be allowed to leave home to take exercise.

The BBC said that officials blame the low vaccination rate and more infectious Delta variant.

It mentioned that the Russian government has proposed a week-long workplace shutdown, from 30 October to 7 November, in the hope of curbing the new surge in infections. Many hospitals are now struggling to cope with the influx of Covid patients.

Russia-Moscow-COVID restrictions/Pixabay

The official death toll from Covid on Tuesday was 1,015 - a new record. Saturday's toll went above 1,000 for the first time in Russia's pandemic. The number of new cases on Tuesday was 33,740.

In Russia, 35% of the population of more than 140 million people has had at least one jab against Covid - a lower rate than in most of Europe.

According to the BBC, the authorities blame widespread suspicion of Russia's Sputnik V vaccine for the low rate, but there have also been production delays.

Businesses in Moscow will have to let at least 30% of their staff work from home during the four-month period of restrictions announced by Mayor Sobyanin.

On his blog, he wrote angrily that out of three million Muscovites aged 60 and above, just 1.14 million had been vaccinated. He said: "As a result, today 60% of Covid patients in intensive care are over-60 Muscovites."

According to official figures, more than 225,000 people have died from Covid in Russia, and it is considered the highest toll in Europe.

The BBC noted that Russia has not been slow in developing vaccines. Its Sputnik V was rolled out quickly last year and it has approved three others. But it appears to have failed to convince many at home they are either necessary or reliable.

It has had more success selling Sputnik V around the world. But although the vaccine was made available for other countries quickly, it also ran into delivery issues, with some nations unable to get their doses on time. It has yet to be approved by the World Health Organization.

Source: BBC

Libya receives first group of European tourists since the 2011 uprising Volcano erupts in Japan and officials warn people against threat of lava

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.