What if Iran Co-existed? "Part 19"
May 6, 2021, 1:17 pm

khalid Aljasir

What if Iran Co-existed? With Economic Inflation reaching the 50% limit, coinciding with the beginning of 2021, which resulted in point inflation (today's inflation as measured by the same day of the month or last year) reaching 49.5%, with 2.7% monthly and 38.9% annual. Not to mention the growth of a new social phenomenon called "death indifference," due to the increase in Corona Virus casualties and the infection of half of Iran's nursing cadre, 140,000 nurses out of a total of 250,000 in the front lines. Rouhani added insult to injury with his statement blaming his inaction and failures on Iran's enemies which he says "in the past three years, they have sought to create famine in the country through economic sanctions and regional conflicts affecting Iran.

What if Iran Co-existed? The gaffe of Iranian Foreign Minister Mohammad Javad Zarif reveals the truth about Soleimani and the power balances. The "Zarif leaks," though yet to be officially denied, revealed Several nuances in the relationship between the Head of Iranian diplomacy and the Revolutionary Guard, in an audio recording obtained by an Iranian opposition channel. Zarif seemed very upset with what he described as the extensive intervention of the former Quds force commander, Qassem Soleimani, in Iran's diplomatic affairs. Almost every time he went to negotiate, Slimani imposed his terms and directed that certain points be taken into account. Zarif acknowledged that he had sacrificed diplomacy in favor of the "battlefield." In the audio recording, Zarif said: "After the finalization of the nuclear deal, in 2015, events against the deal began with Soleimani traveling to Moscow without coordination with Foreign Affairs, ending with the detention of an American ship, and the attack on the Saudi Embassy in Tehran."

What if Iran Co-existed? The attack on the Natanaz nuclear facility on 11 April 2021, for which Israel was accused, raised concerns that the Vienna negotiations between Tehran and Washington might be hampered. The Joint Commission succeeded in forming two groups of experts, one listing the number of sanctions that the United States would accept to lift, and the other listing the terms of the nuclear agreement to which Iran is bound.

What if Iran Co-existed? There is a forthcoming balance of power; The rise of China is a reality and a fact that, is translated in this Chinese drive and vision adopted by the Communist Party to turn China into a medium-level advanced country by 2035, and into a global superpower in 2050. Thus, forcing Washington to review its policies towards Beijing, restore strategic balance in the West Asian region by directing resources and troops towards the Far East, maintain economic advantages and technological superiority, and then mobilize alliances to uphold US-sponsored values and standards.

BY: khalid_Aljasir

Indian delegation at G7 in London forced to self-isolate for Covid Turkey: A 100 Years of Suffering from Kurdophobia

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.