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Iran not ‘drawing back’ militarily after Saudi attack: US admiral

Iran has not drawn back to a less threatening military posture in the region following the September 14 attack on Saudi Arabia, the top US admiral in the Middle East told Reuters, suggesting persistent concern despite a lull in violence.
“I don’t believe that they’re drawing back at all,” Vice Admiral Jim Malloy, commander of the US Navy’s Bahrain-based Fifth Fleet, said in an interview.
The United States, Saudi Arabia, Britain, France and Germany have publicly blamed the attack on Iran, which denies involvement in the strike on the world’s biggest crude oil-processing facility. The Iranian-backed Houthi militia in Yemen has claimed responsibility.
Malloy did not comment on any US intelligence guiding his assessment. But he acknowledged that he monitored Iranian activities closely, when asked if he had seen any concerning movements of Iranian missiles in recent weeks.
Malloy said he regularly tracks Iranian cruise and ballistic missile movements - “whether they’re moving to storage, away from storage.” He also monitors whether Iran’s minelaying capabilities head to distribution sites or away from them.
“I get a briefing of movements on a daily basis and then assessments as to what that could mean,” he said.
Relations between the United States and Iran have deteriorated sharply since President Donald Trump pulled out of the Iran nuclear accord last year and reimposed sanctions on its oil exports, in response to Iran refusing to stop backing terrorist and proxy organizations across the region.
For months, Iranian officials issued veiled threats, saying that if Tehran were blocked from exporting oil, other countries would not be able to do so either.
However, Iran has denied any role in a series of attacks that have followed, including against tankers in the Gulf using limpet mines earlier this year.
“Deny it if you can”
Asked what the latest attack in Saudi Arabia showed him, Malloy said: “From my perspective, it is a land-based version of what they did with the mines ... quick, clandestine - deny it if you can.”
“Send a signal and harass and provoke,” he said.
His remarks came a week after the Pentagon announced it was sending four radar systems, a battery of Patriot missiles and about 200 support personnel to bolster Saudi defenses - the latest in a series of US deployments to the region this year amid escalating tensions.
Still, the latest deployment was more limited than had been initially under consideration.
Reuters has previously reported, for example, that the Pentagon eyed keeping an aircraft carrier in the Gulf region indefinitely, amid speculation that the USS Abraham Lincoln carrier strike group will soon need to wind up its deployment.
Malloy declined to speculate about future carrier deployments. But he acknowledged the tremendous value of aircraft carriers - as well as the ships in the strike groups that accompany an aircraft carrier.
That includes the contribution of destroyers now accompanying the USS Abraham Lincoln to a US-led, multinational maritime effort known as Operation Sentinel.
It is meant to deter Iranian attacks at sea - and expose them if they occur.
Shining a flashlight
“What Sentinel seeks to do is shine a flashlight across that and make sure that if anything happens in the maritime, they will be exposed for that activity,” he said.
This includes by providing a surveillance and communication backbone to share intelligence with nations that have agreed to participate, which include Britain, Australia, Bahrain, Saudi Arabia and the United Arab Emirates.
“We’ve created essentially a zone defense,” he said.
Washington first proposed the effort in the Arabian Gulf in June after accusing Iran of attacking oil tankers around the Strait of Hormuz, a critical maritime chokepoint. But the proposal was met with concern in some European capitals, already at odds with Washington over its withdrawal from the nuclear deal.
Malloy met Saudi Arabia’s naval commander on Sunday, assuring him of US support following the September 14 attack, which rattled global oil markets. He said US support included intelligence sharing.
“We are constantly in the process of tightening that information flow with them,” Malloy said.
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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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