UK relaxes visa rules for Ukrainian refugees
March 2, 2022, 9:22 am

UK relaxes visa rules for Ukrainian refugees

President Volodymyr Zelensky-PM Boris Johnson/Facebook page

The Gulf News reported, citing Reuters, Prime Minister Boris Johnson warned on Tuesday about the growing humanitarian crisis caused by Russia’s war in Ukraine, saying refugee numbers could reach millions, with possibly more than 200,000 coming to Britain to join family members.

Less than a week after Moscow launched a full-scale war on Ukraine, western leaders are looking at ways to help the hundreds of thousands of Ukrainians who have left their homeland.

Poland has estimated that about 350,000 people have crossed its border from Ukraine since last Thursday, while the European Union has emphasised the need to prepare for millions of refugees entering the bloc.

Johnson said during a visit to Warsaw: “We will make it easier for Ukrainians already living in the UK to bring their relatives to our country. Though the numbers are hard to calculate, there could be more than 200,000."

Downtown Kharkiv before and during the Russian aggression. Kharkiv is the second-largest city in Ukraine. Its residential areas have been targeted by Russian shells, rockets, bombs, missiles for days now (File photo: Euromaidan Press via Mariana_Betsa)

“(Russian President Vladimir) Putin’s invasion has already cost hundreds of thousands of people to flee their homes, and we must prepare for an even larger outflow, perhaps in the millions.” Britain has 1,000 troops on standby to help the humanitarian response in Ukraine’s neighbours, including Poland, Johnson said as he pledged up to 220 million pounds ($294.69 million) in emergency and humanitarian aid for Ukraine.

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Interior minister Priti Patel told parliament the reunion criteria for Ukrainians would be widened to allow people living in Britain to bring parents, siblings, adult sons and daughters and grandparents to join them.

Visas for Ukrainian temporary workers in some sectors will be extended to allow them to remain in Britain until at least the end of this year, Patel added, and the government will also set up a humanitarian sponsorship route for Ukrainians who do not have family ties with Britain.

Patel said the usual language requirements and salary threshold for people coming to Britain to join their family would be lifted, and Ukrainians would be allowed to work and access public services.

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She said: “We will give them permission to enter the UK outside the usual rules for 12 months," adding “There is no limit on the numbers eligible under this route.”

Source: gulfnews

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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.