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Lloyd Austin spoke with Israeli Counterpart; White House Dismisses Escalation Concerns

Lloyd Austin spoke with Israeli Counterpart; White House Dismisses Escalation Concerns
National Security Council Spokesman John Kirby Downplays “All-Out War Scenario” Between Lebanon and Israel
On Monday morning, Pentagon chief Lloyd Austin spoke with his Israeli counterpart ahead of an anticipated Israeli military operation in Lebanon, a US official reported. Meanwhile, the White House sought to allay fears of an impending “all-out war.”
US officials anticipate an Israeli response to a recent attack in the occupied Golan Heights that targeted a group of children. The attack, which Washington attributes to a Hezbollah missile, resulted in the deaths of at least 12 children. Despite Hezbollah's denial of responsibility, US officials assert that the group launched the missile, likely mistakenly targeting a football field.
Following the incident, Israel’s security cabinet authorized the Netanyahu government to undertake a military response. “A response is coming,” a US official told Al Arabiya English, speaking on condition of anonymity.
The specifics of the Israeli response remain unclear, but US military forces in the region are preparing for potential retaliatory attacks by Iran-backed militias in Iraq and Syria.
Despite predictions of an escalation, US officials believe there is still time for a diplomatic solution to ease tensions along the Blue Line. Late Sunday, the top US diplomat spoke with the Israeli president, stressing the importance of preventing escalation along the Lebanon-Israel border and exploring diplomatic efforts to allow citizens on both sides to return home.
Addressing reporters on Monday, National Security Council Spokesman John Kirby described the “all-out war scenario” as “exaggerated.” He emphasized Israel’s right to self-defense and expressed confidence that the situation would not escalate into a full-scale war. “We certainly don’t believe that, as horrific as this attack was... that it needs to result in any kind of escalation,” Kirby said.
Senior State Department diplomat Richard Verma visited Beirut last week to discuss support for US citizens amid the evolving security situation. He also traveled to Cyprus to review crisis management logistics and met with US military and diplomatic personnel at Incirlik Air Base to assess resources for crisis preparedness.
Amid the tensions, Lebanon’s flag carrier and other international airlines have canceled or delayed flights into Beirut. Middle East Airline’s Chairman Mohammed al-Hout stated there was no specific threat to Beirut’s airport. However, the US Embassy in Beirut advised US citizens traveling to or from Lebanon to monitor their flight status closely and prepare for possible changes to itineraries due to the complex security environment.
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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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