Including Syria.. New Directions for U.S. Middle East Policy with Trump's Return
Trump's multiple meetings with Syrian and Lebanese opposition reveal clear interest in reshaping U.S. policy in the region
November 7, 2024, 11:49 pm

Including Syria.. New Directions for U.S. Middle East Policy with Trump's Return

عربات برادلي في شمال سوريا \ متداول

Republican presidential election winner Donald Trump pledged to adopt a firm approach in the region, confirming his intention to demand "an immediate ceasefire and move towards negotiations," without revealing additional details.

The equations in the Middle East region changed after Trump's victory, after eyes were watching Biden administration policies when Democratic candidate Kamala Harris's chances seemed favorable.

The Washington Post quoted sources saying that the Biden administration was planning to provide support to Syria to reduce Iranian influence, indicating American and Israeli desire to help Damascus prevent weapons flow to Hezbollah.

U.S. and Israeli officials believe that the Syrian regime's president might support these steps given his dissatisfaction with Iranian infiltration in Damascus, with Washington ready to provide reciprocal positive initiatives.

Syrian opposition figure Ayman Abdel Nour revealed intensive contacts with both Democratic and Republican parties, indicating they were informed about freezing the anti-normalization law with the Syrian regime for about a year.

He explained that freezing some Caesar Act provisions following the February 2023 earthquake became an adopted approach, facilitating various projects, including gas and oil transport lines through Syrian territory.

There was a disparity in communication levels between the two camps, where Trump held 4 direct meetings with Syrians and Lebanese, plus 15 meetings for his advisers and family, versus one Zoom meeting with Harris. The Syrian opposition figure confirmed that Trump pledged to direct warnings to Iran to stop militia support, with restrictions on its financial resources.

Meanwhile, Bassam Ishaq, Syrian Democratic Council representative in Washington, expressed Kurdish caution about the next phase, questioning the fate of U.S. forces in northeastern Syria.

Observers questioned the possibility of moving stagnant waters in the Syrian crisis, and the extent of Trump's commitment to his electoral promises to resolve intertwined conflicts in the region, awaiting his official assumption of power on January 20.

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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.