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Syria’s Battle for History

A famous phrase suggests that history is what is written by the victors. Syria’s war is almost ten years old and gone are the days when Assad’s future was in jeopardy. Indeed, despite the country’s ruined infrastructure and worsening economy last week saw the opening of a lavish museum in the coastal city of Latakia in memory of Bassel al-Assad, who died in a car crash in 1994.
Bassel was famously the heir apparent and was expected to take the Presidency on his father’s death. Instead an accident with a sports car suddenly sparked a rushed ascendancy to power for Bashar al-Assad. Bashar was seen by many initially as a reformist but the ‘Damascus Spring’ of opening up of freedoms was quickly followed by the ‘Damascus Winter’ and the road to the civil war of 2011.
The museum is reported to be 350 square metres with an additional garden of 8,000 square metres. It displays Bassel’s belongings as well as a collection of 60 pictures, trophies and medals belonging to him. The museum opening formed part of commemorative activities to mark the 50-year anniversary of Assad family rule
Such glitz and glamor are in stark contrast to those 80 per cent of Syrians who are currently impoverished. Hit by the perfect storm of war, pandemic and sanctions, the currency has largely collapsed fanning inflation, forcing families to cut back on meat and even fresh fruit. The cost of an average family shop is 90 per cent higher than it was six months ago, according to the UN.
Yet this contrast is evidence of exactly the kind of political power that dominates Syria today. There is no issue with a choice between memorialising a member of the ruling family to the cost of millions whilst the majority of the country go poor. It suggests that Syrians themselves are almost temporary actors on a stage in which Assad rule is permanent.
Few things speak of permanency than the brick and mortar of imposing memorials to a country’s history. Museums and what they display and the stories they tell are critical markers for the identity of a nation. They should be seen as instruments of power, but of power exercised over a longer time. Think of the tens of thousands of school children who will make their way to the museum in months ahead and how that number will rise into the millions over the years. Whilst the Crusader castles of old continue to crumble, these modern castles of identity will be kept pristine despite the rubble that dominates Syria’s cities.
Visitors to the museum will see and remember the Assad family as part of the fabric of the State, not humans who leadership require legitimacy based on anything practical but rather immovable and eternal almost deity like figures. In a sense museums such as these are part of the fight to prevent future civil uprisings emerging in the Syria of tomorrow by suggesting that the natural order of things dictates rule by the Assad family and to even think otherwise runs counter to it.
Meanwhile, the debate over reconstruction in Syria has somewhat stalled at a global level, but there was an important moment when Russia earlier this month signed 8 memoranda of understanding on energy, customs and education with Damascus and allocated $1 billion towards reconstruction.
Seeing the ordering of reconstruction will be more evidence as to what levers of power are considered most valuable by the Regime. Will it be housing and sanitation or instead tombs, memorials, statues or even more museums? The country is already dominated - in Regime controlled areas -by pictures of the leadership both those alive or dead. A trend of the powerful to mark their deaths as symbols of the rule of the present is not unique to Syria and a short trip south to the Pyramids can remind people of an even larger scale of commemoration from the past, yet for this to happen in the 21st century is a reminder of the political formaldehyde that embalms the sclerotic and catastrophic leadership of the current President in Damascus and explains the country’s current devastating malaise.
by : jamse danselow
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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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