Ongoing Israeli Airstrikes and Rocket Attacks from Lebanon
October 27, 2024, 4:19 pm

Ongoing Israeli Airstrikes and Rocket Attacks from Lebanon

لبنان

Israeli airstrikes and shelling continue across various regions in Lebanon. In the latest battlefield developments, the Israeli military announced today, Sunday, that it has detected the launch of 75 rockets from Lebanon aimed at the Upper and Middle Galilee regions in northern Israel.

Website 0404 reported a statement from an Israeli military spokesperson saying that, "Following the alerts activated in the Upper and Middle Galilee areas, approximately 75 launches were detected crossing Lebanese territory, some of which were intercepted, and their debris was observed in the region."

The site mentioned that rocket fire from Lebanon into the central Galilee resulted in injuries to two people in the town of Tamra, with emergency teams on their way to the scene.

Meanwhile, Israeli Channel 13 reported a "direct hit on a house in Tamra, with preliminary reports indicating that a person sustained serious injuries at the site."

Earlier today, the Israeli military urged residents of 14 villages in southern Lebanon to evacuate immediately and move north of the Litani River.

The Lebanese Ministry of Health reported today, Sunday, that at least 8 people were killed and 13 injured in a new casualty count following an Israeli airstrike on Sidon in southern Lebanon. According to sources from Al-Arabiya and Al-Hadath channels, the target of the Sidon strike was a Hezbollah security official named Hussein Fneish.

Additionally, it was reported that at least three people were killed in an Israeli airstrike on the town of Zawtar al-Sharqiyeh in southern Lebanon. The report added that an airstrike on the town of Marjayoun the previous day resulted in the deaths of five people and the injury of one.

The Israeli military announced on Sunday that four soldiers were killed on Saturday during clashes in southern Lebanon. The military stated that the four soldiers "were killed while fighting in southern Lebanon." This brings the total number of Israeli soldiers killed in confrontations with Hezbollah since the commencement of the ground operation in Lebanon on September 30 to 36.

Earlier, a correspondent for Al-Arabiya and Al-Hadath reported three injuries from a drone strike on an aerospace manufacturing facility in Karmiel, Israel. Pictures obtained by Al-Arabiya and Al-Hadath show the location where the drone fell near Akko. Channel 13 reported two injuries resulting from the drone attack on a building in Akko, while Hezbollah announced that it targeted a military industry company southeast of Akko with drones.

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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.