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US Coast Guard reports 39 missing from capsized boat off Florida

The Arab News reported as per Reuters, rescue crews searched waters off Florida’s Atlantic shore on Tuesday for 39 people reported missing by a survivor found clinging to a boat that capsized in what the US Coast Guard called a suspected human smuggling attempt gone awry.
The survivor told authorities after his rescue that he had left the Bahamas’ Bimini islands, about 50 miles (80 km) east of Miami, in a boat with 39 other people on Saturday night, the Coast Guard said in a statement posted on Twitter.
The Coast Guard said, according to the survivor, the group’s vessel capsized when it hit rough weather about 45 miles (72.4 km) east of Fort Pierce Inlet, off Florida’s Atlantic coast about midway between Miami and Cape Canaveral, but no one was wearing a life jacket.

A good Samaritan found the man perched on the mostly submerged hull of the overturned boat on Tuesday morning and rescued him before reporting the incident to the Coast Guard, which dispatched multiple cutter vessels and aircraft to search the area.
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The Coast Guard said in its statement: “This is a suspected human smuggling venture." Petty Officer Jose Hernandez, said that the nationality of those who were aboard has yet to be determined, a Coast Guard spokesperson.
Hernandez said that in another migrant crossing attempt, 32 people were rescued from a capsized vessel last Friday west of Bimini, which has become frequent transit point for sea-going smugglers.
Incidents of overturned or interdicted vessels crowded with people, many of them Haitians or Cubans seeking to reach the United States, are not uncommon in the waters off Florida.
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In May of 2021, 12 Cuban migrants perished and eight others were rescued after their boat flipped over off Key West, Florida.
At least 557 Cuban migrants in all have been picked up at sea by the Coast Guard since the start of the current fiscal year in October, in addition to nearly 7,400 Cubans interdicted during the previous five years, according to the agency.
Vessel crossings of Haitian migrants have likewise grown more frequent as Caribbean island nation deals with economic and political crises, as well as gang-related kidnappings. The Coast Guard said it has intercepted at least 159 Haitian nationals so far this fiscal year.
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Last week, 90 people were repatriated to the Dominican Republic, which shares the island of Hispaniola with Haiti, following rescue and interdiction of three illegal voyages across the Mona Passage near Puerto Rico.
Source: arabnews
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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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