Washington allocates $424 million for Sudanese relief.. and fears of famine
The siege of Al Fasher indicates ongoing tensions in Darfur, confirming the need to intensify international efforts to ensure aid delivery and protect civilians in affected areas
September 26, 2024, 12:25 am

Washington allocates $424 million for Sudanese relief.. and fears of famine

السودان

The United States announced on Wednesday providing new aid worth $424 million to the Sudanese people, during a high-level meeting at the United Nations on the ongoing bloody conflict between the armed forces and the Rapid Support Forces.

The U.S. mission to the UN explained that the aid includes $175 million that Washington will use to purchase surplus crops from its farmers for the benefit of displaced people within Sudan and neighboring countries, following a UN-backed assessment warning of the possibility of widespread famine.

During her speech at the meeting, the U.S. Ambassador to the UN made a new appeal to allow aid entry into the city of Al Fasher, besieged by the Rapid Support Forces, as part of their efforts to fully dominate the state of West Darfur.

Linda Thomas-Greenfield said: "We must force the conflicting parties to accept humanitarian truces in Al Fasher, Khartoum, and other areas at extreme risk, remove obstacles to humanitarian aid access on all routes, lay down their weapons and sit at the negotiating table."

Sudan plunged into a devastating war last year between the armed forces led by Abdel Fattah al-Burhan and the Rapid Support Forces led by Mohamed Hamdan Dagalo, known as "Hemedti".

The World Health Organization reported this month that the number of casualties in Sudan has reached at least 20,000 people. However, some estimates indicate a much higher toll. U.S. envoy to Sudan Tom Perriello stated that the death toll may have reached 150,000 people.

It's worth noting that the Rapid Support Forces have committed serious human rights violations in Darfur and other regions, and according to reports from international human rights organizations, their siege of Al Fasher city is a flagrant violation of international humanitarian law and exacerbates the humanitarian suffering in the region.

On the other hand, the United States continues its diplomatic and humanitarian efforts to support the Sudanese people and stop the conflict, and this new aid is considered part of Washington's ongoing commitment to regional stability and civilian protection.

Levant-Agencies

Amid tensions with the West.. Putin hints at expanding nuclear deterrence scope Bouthaina Shaaban exposes Erdogan's agenda: Rapprochement with Syria is a media trick

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.