Israeli Airstrikes Target Hezbollah Facilities Amid Ceasefire Violation Claims
Continuous Israeli military movements in southern Lebanon reveal attempts to impose new field realities despite ceasefire agreement
November 30, 2024, 8:17 pm

Israeli Airstrikes Target Hezbollah Facilities Amid Ceasefire Violation Claims

قصف إسرائيلي على لبنان

The Israeli army initiated a series of attacks against Hezbollah in Lebanon on Saturday, claiming detection of "activities that posed a threat," on the fourth day of the ceasefire implementation.

The army detailed in its statement four separate operations involving "transfer of combat equipment," operations at a "site containing Hezbollah rocket platforms," and work "inside a missile production infrastructure," noting that the air force executed some of these attacks.

Earlier, the army revealed targeting "military infrastructure sites" near the Syrian-Lebanese border "used by Hezbollah for weapons smuggling," claiming these operations "pose a threat to Israel in violation of the ceasefire agreement."

Israeli tanks breached areas in the southern Lebanese town of Aitaroun during the ceasefire period, penetrating areas they couldn't reach during the confrontation period.

The Lebanese Ministry of Health announced that three civilians were injured, including a seven-year-old child, in an Israeli airstrike targeting a car in Majdal Zoun in the country's south.

The Israeli army imposed restrictions on Lebanese civilian movements in about 62 southern villages, with military spokesman Avichay Adraee warning that "anyone moving south of a line connecting 10 Lebanese border towns will put themselves at risk."

Israel and Hezbollah exchange accusations of violating the ceasefire agreement, mediated by Washington and Paris, which is supposed to last 60 days aimed at reaching a permanent halt to confrontations.

The five-party oversight committee consisting of the United States, France, Lebanon, Israel, and the United Nations will meet at UNIFIL headquarters in Naqoura tomorrow, Sunday, to discuss mutual violations.

The undeclared terms of the agreement require Hezbollah to withdraw north of the Litani River and enhance Lebanese army deployment south of the river, with the Lebanese army taking over positions currently controlled by the Israeli army and Hezbollah.

The confrontations since October 2023 have resulted in 3,961 deaths according to the Lebanese Ministry of Health, while Israel announced the death of 82 military personnel and 47 civilians, alongside the displacement of hundreds of thousands from both sides.

Levant-Agencies

Taiwan's F-16 Upgrade Again Provokes China's Ire Tehran Dispatches Araghchi to Damascus and Ankara Amid Rapid Developments in Aleppo

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.