Taliban insurgents capture northern Afghan district amid surge in violence
May 5, 2021, 9:58 am

Taliban insurgents capture northern Afghan district amid surge in violence

Afghan National Army (ANA) soldiers stand guard at a checkpoint outside Bagram prison, north of Kabul, Afghanistan April 8, 2020. (File photo: Reuters)

Taliban insurgents captured a district in northern Afghanistan, forcing government troops to retreat to the provincial capital amid a recent surge in violence, officials said on Wednesday.

Fighting has escalated sharply in recent weeks, with Afghan officials saying the Taliban have stepped up their attacks since Washington announced plans last month to pull out all US troops by Sept. 11.

The militants seized the district of Barka in the northern province of Baghlan after hours of fighting with Afghan forces, who retreated to the main city, said Jawed Basharat, a spokesman for the provincial police.

The Taliban suffered heavy losses in the fighting, he added, but a senior security official who sought anonymity said at least 10 security forces were killed and 16 others captured by the Taliban.

The district fell a day after Afghan security forces fought back a major Taliban offensive in the southern province of Helmand.

The Afghan government says it has recorded more than 100 Taliban attacks on security forces and other government installations in 26 of the 34 provinces over the last 24 hours.

The Taliban overran a small outpost on a highway in Baghlan, killing nine Afghan soldiers and wounding several, regional officials said on Tuesday.

Kabul police spokesman Ferdaws Faramarz said one person was killed and three wounded when a roadside bomb hit a vehicle belonging to a health official outside the city.

Another roadside bomb killed a district police commander in the southeastern province of Paktika on Tuesday, officials said.

Although the United States missed a May 1 withdrawal deadline agreed in talks with the Taliban last year, its pull-out has begun.

Critics of President Joe Biden’s decision to withdraw say the extremist militants will try to sweep back into power.

The hardline extremist group now holds sway over more territory than at any point since its ouster by US-led troops after the attacks of Sept. 11 on the United States in 2001.

source: Reuters

Image source: Reuters

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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.