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Aleppo Agreements Enter a New Phase with a Second Withdrawal of Kurdish Forces
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The issue of the return of displaced residents to Afrin faces multiple obstacles related to the lack of trust in armed factions, necessitating real confidence-building measures and the deployment of n

The second group of Kurdish military units has started to withdraw from the Sheikh Maqsoud and Ashrafiyeh neighborhoods in Aleppo. This withdrawal represents a significant development in the reconfiguration of the security landscape in northern Syria, especially amid the accumulated tensions the region has witnessed in recent years.
According to informed sources, these forces will head toward areas in the eastern Euphrates as part of newly introduced security measures aimed at reinforcing stability in the region, following political and military understandings reached among the concerned parties.
This move reflects a new direction in the repositioning of military forces in northern Syria, potentially paving the way for new administrative arrangements in line with regional and international changes.
It is important to note that this initiative is an additional step in the ongoing understandings between the Syrian Democratic Forces (SDF) and the Syrian government, following a series of meetings that discussed ways to resolve the military situation in northern Syria.
This development comes amid questions about the commitment of the different parties to implementing the terms of the agreements, especially given the history of fragile trust between the conflicting forces in the region.
On April 4th, the Kurdish military units began withdrawing from the Ashrafiyeh and Sheikh Maqsoud neighborhoods in Aleppo, in accordance with the recent agreement between the Syrian Democratic Forces and the new administration in Damascus, heading towards the eastern Euphrates under the supervision of the Syrian Ministry of Defense.
These developments are part of efforts to implement the elements of the initial agreement between the new Syrian administration on one side and the Syrian Democratic Forces on the other, which was reached on March 28th. The agreement stipulates transforming the "Asayish" internal security forces in Sheikh Maqsoud and Ashrafiyeh into public security forces with the same personnel, thereby placing them under the "Autonomous Administration."
The agreement reflects an attempt to reconcile local security needs with central authority, while maintaining some administrative autonomy for areas with a Kurdish majority.
The agreement also includes the release of 170 prisoners from the Syrian Democratic Forces, as well as several bodies of the dead, and around 400 detainees and bodies of public security and faction members, with all of this to be supervised and jointly managed by the U.S. until it is officially announced.
The U.S. involvement points to an international aspect in these understandings and may reflect Washington's desire to contribute to organizing the relationship between its Kurdish allies and the Syrian government, serving its strategic interests in the region.
Regarding Afrin, residents are demanding guarantees for their return, with these guarantees revolving around the departure of the "National Army" factions. The lack of trust in the "National Army" elements represents a major challenge. The Afrin issue serves as a real test of the parties' seriousness in addressing the issues of displacement and deportation and their ability to create a safe environment that allows original residents to return to their areas without fear of revenge or discrimination.
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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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