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The effects of the crisis in Ukraine on the Middle East and Syrian crisis

recently in the world , accelerating events have taken place in their effects and impact, which affected the Middle East as well as others regions. The extension of the alliance and alignments that are founded without introductions prepared for it. US President Biden call for working strengthen the NATO region to face of the Russian bear, which was soon and stubborn to protect of his national security and prove himself as a superpower, so enter itself into a conflict of attrition with the West as a whole, and began to reach an understanding with the Chinese dragon to strengthen its interests with Iran more than before, to reject the Biden to go to the Middle East to strengthen his positions, also trying to tickles fellings the Arab Gulf, in An attempt to abort Biden's efforts in his foreign movements, aimed at reduce the impact of longness the conflict in Ukraine on its old ally Europe.
The distinguishing thing in this period, especially in the Tehran meeting, is the specially declare of the tripartite summit regarding the American presence in Syria, and Russia giving that international role to Turkey sponsoring the agreement with the United Nations to allow the passage of grain shipments through the conflict areas over Ukraine to the world, in order to avoid an unfortunate crisis. Its effects for the world as a whole, in a clear attempt to win Turkey and its interests to completely neutralize it effect in the conflict, while President Biden points to during his visit to the region, to work again on reviving the Middle Eastern NATO, in anticipation of the extension of the attrition conflict beyond its current arena, and his choicing Saudi Arabia as a place for the summit in the reform of what was neglected reform the relationship with Saudi Arabia in the time of his election campaign, and the reassurance of the allies in light of Israeli and Iranian absence of the summit.
In the Syrian crisis , the contradiction appears in the difficulty of achieving neutralizing the main regional player on the range of the Euphrates, Turkey, as it receives America’s support in the Syrian northwest, as well as in the issue of the international port there, and on the other hand it contrasts with America in its recent support for QSD forces in the region, while Russia different With Turkey in Syria about the extent of its influence on the border strip in favor of the Syrian regime, as well as in the issue of the Bab al-Hawa crossing, which is under the control of the factions close to Turkey, and whose deliberations were postponed internationally, and only extended for 6 months, in the absence of any convergence of visions between the actors, Especially after Turkey and America paid attention to the success achieved by Russia in Syria, through the siege and starvation weapon, and the preparation for surrender reconciliations, in winning the battles on the ground.
it is clear that the Ukrainian crisis prolonged the Syrian crisis and affected directly on it negatively, with the increase of the conflict and the distance between the two crisis poles, and the loss of signs of meeting convergence issues among them, especially the secondary ones, and the rollover of the Syrian file in their priority ladder, to keep attention towards the main player between the two main active powers on the Syrian map, to pass some of its goals into the line of Ukrainian preoccupation, especially after a shift in the political priorities of both Biden and Putin, and for Turkey to continue to weaken the influence of the QSD in the region, and this will not meet actual opposition from The main influencers in the areas administered by the QSD .
Mission in Syria seems to have been assigned to the agents temporarily, and this indicates an increase trend of escalation on the Syria, in light of the collapse of societal and entity cohesion in it, especially in light of the conflicting military forces remaining over the legacy of ISIS, who share the administration in the different regions in Syria, and the lack of The existence of a successful model for any of them as part of the whole of Syria, in light of the need for a comprehensive Syrian solution, for all the areas inside and outside the control of the Syrian regime, as well as the case in the east and west of the Euphrates and generalizing the situation to them as well, not to mention the underlying understanding of most of the active forces in weakening SDF successively with the arrival of a solution The general Syrian, so that the result meets its counterparts on the Syrian arena, in the need for Syria to be devoid of any non-Syrian forces in its ideology, one of the basic elements of any prospective solution for the future Syria, and this is what actually requires the Kurdish forces within the frameworks of the Syrian opposition, to fit their national project in a manner that is commensurate with With the stage, while working to preserve Kurdish privacy and its components in the expected Syrian solution.
BY :Nizar Mosa
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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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