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ISIS Resurgent?

The incredible ascent of ISIS as a geopolitical actor and terror group without peers was thought to have met its bitter end in the final battles for holdouts across Syria and Iraq. The legacy of rubble and detention camps was what many hoped was all the remained of those who fought under the black flag. However, events in Hasakah over the past week have suddenly given a stark example of what many feared; that whilst battles against ISIS had been won, the war is not finished.
The major, coordinated and complex attack on Guweiran prison is a multi-layered narrative that has yet to come to a conclusion but still tells us much as to the state of ISIS in the region and its current strategy. Attacking prisons is by no means a new tactic adopted by ISIS or indeed other non-state groups across the globe. Tactically such attacks place huge pressure on security forces whose primary role is to keep dangerous men inside a prison rather stop armed actors attacking from outside. What is more if the attacks are successful then suddenly the size of the attacking force is multiplied when former prisoners join their ranks.
In this instance they targeted the largest ISIS-designated prison in NE Syria, which held several thousand adult males and 700 children, a perfect combination of reinforcements and human shields. The attack struck against all sides of the prison and a simultaneous bombing of a nearby SDF facility sowed confusion and the chaos of the moment. Fighting metastasized over several days with over 100 dead and panic forcing the displacement of tens of thousands of Syrians. Entire neighbourhoods have suddenly emptied, despite the harsh winter in the area, a reminder of the fear that the group inspires as well as the intensity of the fighting.
The US-led Coalition, which was almost disbanded by former President Trump in light of the ISIS ‘defeat’ three years ago, provided air and ground support which was likely a vital component in the SDF being able to reassert control over events. At the time of writing the situation remains fluid with no confirmation that all prisoners and attackers are accounted for. Analysts have been quick to describe the events as evidence of a ‘resurgence’ of ISIS with ramifications for the geopolitics of the region and beyond.
The ambition and capacity of what remains of ISIS is clearly a threat that the SDF cannot handle easily by themselves. Yet the continued purgatory of the detention of thousands of fighters and their families, many of whom come from countries across the globe, cannot be an issue that the Kurdish administration are left to handle on their own. If ISIS had been successful at releasing thousands of their fighters, the scenarios and prospects for a renewed crescendo of violence is clear for all to see.
Let us not forget that ISIS grew out of a "Breaking the Walls" campaign of prison breaks in Iraq back in 2012. The planning that has gone into this most recent attack continues to speak to the levels of organisation that it maintains. According to the SDF it involved not only the forces involved in the direct attacks but also sleeper cells, suicide bombers and an insurrection inside the prison. All these assets would have required weapons to be maintained, supply caches to be kept stocked, training camps to operate, and safe houses for fighters and commanders to retreat to in central Syria.
SDF losses in this period of action have not been light and the damage to the physical prison infrastructure appears extensive. All this points to the need of the US-led Coalition to review not only the capabilities of ISIS but more importantly what their plans are to counter them better. Prisons will need to be rebuilt and improved, SDF forces replenished and trained but ultimately the question as to the long-term future of these detainees and their families has to be better grasped and owned. Considering how the prisons act as a rallying point and strategic objectives for ISIS there is an even stronger argument than before to disperse many of the fighters back to the fifty of so countries they’re originally from in order to face justice. The tension in Ukraine, however, is currently dominating the world's bandwidth making even the resurgence of ISIS a sidebar story.
BY: James Denselow
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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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