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Fake news compounds Coronavirus crisis

In a week that the number of those infected with coronavirus passed the one million mark, “fake news” is becoming a problem of global dimensions. Outright lies and unsubstantiated rumours about Covid-19 are stoking fears and threatening public health. Coronavirus crisis
And when New York has become the epicentre of the pandemic in the US, it is worth reflecting that just weeks ago President Donald Trump complained that American media were exaggerating the threat. “USA in great shape,” he tweeted in late February, part of his strategy of playing down the risks, apparently more concerned about the economic impact in an election year than people’s lives. "I think that's a problem that's going to go away," he insisted.
On 24 March the president declared that he wanted to see “packed” churches at Easter, and that that would be a “beautiful time” to return to normal. Days later he decided otherwise, warning (only partially correctly) that Americans faced a “horrific two weeks.”
Reality, according to most objective predictions, is far worse – in the US itself and beyond. This crisis is simultaneously a worldwide health one and a devastating economic one, though developed countries are far better prepared to deal with its multiple challenges than underdeveloped ones.
Just contrast Britain’s centralised National Health Service with what is available in India; or the respect for “social distancing” in the US and Iran. Resources matter: The Central African Republic has three ventilators for almost five million people. Gaza has 40 for two million. Syria’s nine-year war has left the country woefully ill-prepared to tackle coronavirus. Coronavirus crisis
Significant differences exist between wealthy countries: Italy, with the highest levels of deaths in the world, is performing badly compared to Germany or South Korea. But in democratic systems, governments struggling to cope are held accountable by parliaments, robust civil societies and a free and independent media.
Misinformation is especially widespread in southeast Asia and Africa. False claims and conspiracy theories have spread rapidly on social media, touting “cures” like drinking bleach or rubbing mustard and garlic into your skin. Damaging lies being spread include so-called “miracle cures” for the virus, such as drinking chlorine dioxide, or urine, eating garlic, gargling saltwater or spreading cow dung and mustard paste.
In Myanmar, news websites have reported false claims supposedly made by health officials, advising people to sleep next to chopped onions claiming this will “absorb the virus” or to drink ginger juice. It is also falsely claimed you cannot catch coronavirus if you have a mosquito bite.
In Tanzania, people have received WhatsApp messages claiming to be from the health ministry and telling them drinking warm water every few minutes will prevent infection. The same message has also appeared in French throughout West Africa, claiming to be from the Canadian Health Ministry.
“Messages like this are undermining the efforts of real health officials to contain the virus, damaging trust in official advice and confusing people,” warned the UK Department for International Development. Coronavirus crisis
Another serious risk is that “fake news” will promote violence. Rumours that the virus was created or spread deliberately have led to attacks on Chinese nationals across southeast Asia as well as in the UK. A video claiming to show Chinese officials shooting coronavirus victims and alleging tens of thousands were executed went viral on social media sites worldwide. The video was in fact edited from four unrelated clips, including one of Chinese police shooting a rabid dog.
Anti-Chinese sentiment appears to be growing globally. Trump has not helped there either, referring repeatedly to a “Chinese” virus. Other Americans have suggested that Covid-19 is cover for an attempt by Beijing to destroy the US economy. But it works both ways: last month a Chinese government spokesman claimed, without citing any evidence, that “it might be the US Army who brought the epidemic to Wuhan during the 2019 Military World Games.”
And China’s success in dealing with the crisis may be misleading: “Good public-health practice doesn’t just require control and surveillance,” as one expert pointed out. “It also requires transparency, public trust, and collaboration—habits of mind that allow free societies to better respond to pandemics.”
Iranian media portrays the virus as a conspiracy orchestrated by the US and Israel. Egypt expelled a British newspaper correspondent for reporting that the authorities were ignoring evidence that Covid-19 was far more widespread than was being acknowledged, even as it introduced stringent methods to combat it. Pakistan failed to ban mass religious events.
Nor is Europe immune: Alexander Lukashenko, the president of Belarus, has dismissed coronavirus – officially declared a pandemic by the World Health Organization – as a “psychosis,” warning that panic will hurt people more than the virus. He recommended vodka, saunas and exercise involving tractors as antidotes to the disease.
Trump attracted yet more outrage by ignoring his own government’s advice to citizens – and declaring he would not wear a face mask in the Oval Office. Justified criticism is not fake news: functioning and accountable democracies – whatever their capabilities and imperfections - still seem better equipped than authoritarian political systems to deal with this extraordinary global threat. Coronavirus crisis
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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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