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Antony Blinken to visit Asia next week for talks with Indo-Pacific allies

The Aharq Al-Awsat reported, the State Department said on Friday, US Secretary of State Antony Blinken goes to Asia next week for talks with Indo-Pacific allies, including a meeting of foreign ministers of the four-nation Quad.
Blinken is making the trip despite the mounting crisis over Ukraine and policy analysts say the aim is to show the Indo-Pacific region support and that pushing back against China's expanding influence remains Washington's top priority.
Blinken will leave Washington on Monday and be in Australia from Feb.9-12 for the meeting of the Quad - the United States, Japan, India and Australia.
Blinken will then meet Pacific Island leaders in Fiji before heading to Hawaii to confer with his Japanese and South Korean counterparts to discuss the North Korea issue.

The State Department said the purpose of the trip was "to engage Indo-Pacific allies and partners to advance peace, resilience, and prosperity across the region and demonstrate that these partnerships deliver."
The trip was announced even as China and Russia proclaimed a deep strategic partnership on Friday to balance what they portrayed as the malign global influence of the United States.
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The State Department said that in Fiji on Feb. 12 Blinken would discuss the climate crisis, COVID-19, disaster assistance, and "ways to further our shared commitment to democracy, regional solidarity, and prosperity" with Pacific Island leaders.
He will be the first US secretary of state to visit Fiji since 1985.
A senior US official has said President Joe Biden's administration plans to start a new Pacific Islands initiative with allies and partners that would bring together regional countries to "raise our ambition in the region, including on climate, maritime, and transportation issues."
Antony Blinken travels to Europe amid fears of Russian invasion of Ukraine
The official said it would at the same time finalize negotiations on Compacts of Free Association: agreements with three Pacific Island countries - the Marshall Islands, the Federated States of Micronesia and Palau - that facilitate US military access. They are due to expire in 2023 in the case of the former two states and in 2024 in the case of Palau.
US Indo-Pacific coordinator Kurt Campbell has said that the Pacific could be the part of the world most likely to see "strategic surprise" - comments apparently referring to possible Chinese ambitions to establish Pacific-island bases.
Antony Blinken questions Kazakhstan's decision to deploy Russian military
Washington had not done enough to assist the region and that there was a very short amount of time, Campbell said, to work with Australia, New Zealand, Japan and fellow Pacific power France, "to step up our game across the board."
Source: aawsat
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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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