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Secret Clauses in Ceasefire Agreement.. Binding Hezbollah to Military Withdrawal
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The agreement represents a strategic shift in the region beyond security dimensions to establish a new phase in Lebanese-Israeli relations under international supervision

Lebanon enters a new historic phase with the implementation of the ceasefire agreement between Hezbollah and Israel, as the agreement goes beyond merely stopping military operations to include fundamental changes in Lebanon's political and security landscape.
A Western diplomatic source revealed that the agreement contains undeclared clauses beyond the thirteen announced points, including guarantees and procedures under the responsibility of the United States, which will chair the committee overseeing its implementation.
The agreement includes implementing UN Resolution 1701 in its entirety, along with Resolutions 1559 and 1680, in three phases beginning with security and border arrangements within 60 days, followed by restoring authority in Lebanon through presidential elections and forming a new government.
The source disclosed Lebanon's commitment that Hezbollah has abandoned the principle of unified fronts, confirming that no weapons will be allowed into Lebanon except for the Lebanese army, which will end the party's military presence south of the Litani River according to the so-called "Line 2024."
The new phase is characterized by direct American supervision of the agreement's implementation, granting Israel freedom to counter weapons smuggling from Syria to Lebanon, while the Lebanese army commits to dismantling Hezbollah's infrastructure, with expanded UNIFIL tasks.
The agreement carries strategic significance with Hezbollah's implicit recognition of Israel, as its introduction explicitly referred to "the governments of the Lebanese Republic and the State of Israel," with both parties committing to implementing international resolutions stipulating weapons exclusivity to official institutions.
Implementation procedures include forming a Lebanese technical military committee headed by a U.S. Central Command officer, with establishments in Lebanon and Israel to monitor the agreement's implementation and investigate potential violations.
Reconstruction in border areas will be subject to UNIFIL and Lebanese official authorities' monitoring to ensure facilities aren't used for military purposes, while Israel retains the right to determine residents' return timing based on security conditions.
The plan emphasizes tracking Hezbollah's funding sources, with Lebanon pledging to close illegal crossings with Syria and the "Al-Qard Al-Hassan" institution, while the United States and other countries prepare to pursue major depositors in the institution.
Analysts view the agreement as placing Lebanon at a crucial turning point, potentially offering an opportunity to restore Lebanese legitimacy, but facing challenges amid internal political divisions and the need to reactivate constitutional institutions.
Levant-Agencies
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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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