Syrian President calls for expansion of 'axis of resistance' led by Iran
January 7, 2022, 8:27 am

Syrian President calls for expansion of 'axis of resistance' led by Iran

Bashar Al-assad-Shutterstock

The Asharq Al-Awsat reported Syrian President Bashar al-Assad has called for the expansion of the “axis of resistance” led by Iran, to include Iraq, Syria, Lebanon and other local militias.

The official Syrian News Agency (SANA) quoted Buthaina Shaaban, Assad’s special advisor, as saying in a speech she gave on his behalf, that relations must be established and developed between Iran, Iraq, Syria, Lebanon, Yemen and Palestine.

Shaaban delivered the speech during a ceremony held in Damascus on Thursday, on the second anniversary of the killing of Iranian commander Qassem Soleimani in a US raid in Iraq.

Assad underlined the need to “work to strengthen communication, harmony and integration in this axis.”

He said, according to the speech conveyed by Shaaban: “The rail and power network between Iran, Iraq and Syria may be a good start to link the countries of the region with open relations."

Bouthaina Shaaban, a Syrian politician and political and media adviser to the President of Syria, Bashar al-Assad/Facebook page

Damascus commemorated the second anniversary of Soleimani’s killing in an official ceremony, and unveiled a memorial in his honor in the countryside of Aleppo, while no events were held on this occasion last year.

Meanwhile, the Syrian Observatory for Human Rights (SOHR) said on Thursday that Iran-backed militias continue to train Syrian fighters in military sites affiliated with the Fourth Division, which is led by Assad’s brother, Major General Maher al-Assad.

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Sources quoted by SOHR noted that the exercises “began three months ago...The military drills are held under the supervision of Iranian officers and military personnel.”

“Nearly 390 Syrian fighters loyal to regime forces and Fourth Division have conducted military exercises. However, there has been no confirmed information about the real aim behind these drills, whether it is a new way of recruiting Syrians into the ranks of Iranian proxies or for involving them in fighting and battles for Iranian interests in Syria,” the Observatory said on its website.

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On Dec. 31, the Observatory reported that eight Russian helicopters arrived at Palmyra military airport from Russia’s Hmeimim base in Lattakia province.

It added that a convoy of joint forces of the Fifth Corps and Liwaa Al-Quds, comprising one hundred soldiers, armored vehicles, and tanks, headed from Deir Ezzor to Palmyra in eastern Homs countryside, at Russia’ orders. The convoy was escorted by Russian helicopters.

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According to SOHR sources, “Russian forces intend to establish new military posts for the Russian-backed Fifth Corps and Liwaa Al-Quds in Palmyra city and its desert, with the aim to compete with Iranian-backed militias, which are also deployed in that region in large groups.”

Source: aawsat

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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.