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Putin set for landmark Paris talks on Ukraine conflict

Russian leader Vladimir Putin will hold formal talks Monday for the first time with his Ukrainian counterpart Volodymyr Zelensky over the conflict in Ukraine's east, at a highly anticipated summit in Paris.
No comprehensive peace deal is expected from the afternoon meeting -- mediated by French President Emmanuel Macron and German Chancellor Angela Merkel -- but diplomats hope the exercise will help to bolster trust between the two men.
Thousands have been killed and one million have fled their homes since pro-Russia militias in eastern Ukraine launched a bid for independence in 2014 -- kicking off a conflict that deepened Russia's estrangement from the West.
The separatists seized control of the Donetsk and Lugansk regions shortly after Russia's annexation of the Ukrainian peninsula of Crimea. The seizure gave Putin a popularity boost but led to international sanctions being imposed against Moscow.
Diplomats have emphasized that the issue of Crimea is not on the table at the summit, which the Kremlin has confirmed will include a one-on-one meeting between Zelensky and Putin on Monday.
Kyiv has made clear its determination to never give up the peninsula, which the international community regards as part of Ukraine.
The goals of Monday's meeting include agreeing to disband illegal militias, the departure of foreign fighters from Donetsk and Lugansk, and Ukraine taking back control over its border with Russia, according to a French presidential source.
Also key is agreeing on a calendar for elections to be held in Donetsk and Lugansk, with the two regions enjoying a special status under Ukrainian law, an idea known as the Steinmeier Formula.
"If the summit meeting is to be meaningful, it should have a result, and the result should very much be on the Steinmeier Formula," said Gerhard Mangott, professor of international relations at Austria's Innsbruck University.
"It remains to be seen whether Ukraine is willing to give up some of its pre-conditions for implementing the Steinmeier Formula," Mangott said.
Late Sunday, Ukrainian Foreign Minister Vadym Prystaiko reiterated his country's key demands in a tweet: "A total and permanent ceasefire, our control over the borders of a unitary and indivisible state, the disarmament and dismantling of illegal armed groups, local elections by our legislation."
The Kremlin has sent signals that it is ready to work with Zelensky, whom Putin has described as "likable" and "sincere".
But the Russian leader also will not want to return empty-handed and will be pushing for an easing of sanctions.
German Foreign Minister Heiko Maas told the Funke newspaper group ahead of Monday's summit that "we have to do everything we can... to make progress in the Ukrainian peace process", and described the conflict as "a festering wound in Europe".
Maas praised Zelensky for bringing "new momentum" to the talks, adding that "to make progress with the next difficult steps, Russia needs to make a move too".
"There remains the problem of trust between the parties," said the French presidential source, who asked not to be identified by name. "This needs to be created before we can move forward."
Monday's summit is the first of its kind in three years and seeks to implement accords signed in Minsk in 2015 that call for the withdrawal of heavy weapons, the restoration of Kyiv's control over its borders, wider autonomy for Donetsk and Lugansk, and the holding of local elections.
The summit is a hugely delicate event for everyone involved, but particularly for Zelensky, who is under pressure not to cede ground to the Kremlin.
About 200 demonstrators spent the night in tents outside the Ukrainian president's office, seeking to put pressure on Zelensky not to "capitulate" to his Russian counterpart.
The Ukrainian leader took a realistic tone on Friday, telling a television talk show: "I want to come back with concrete results, but we understand that we cannot have everything. The meeting is already a victory. Since 2016, there has been no dialogue."
For Macron, the summit is a centerpiece of an increasingly bold foreign policy he is driving despite troubles at home, where transport workers have been on strike for days in a dispute over pension reforms.
Macron, who shocked NATO allies last month by declaring the alliance brain dead, has made clear his belief that Europe needs a strategic partnership with Russia.
source: AFP
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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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