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Mass Escape from Beirut International Airport

Mass Escape from Beirut International Airport
On Monday, Lebanese Middle East Airlines announced that the irregular schedules of their flights were due to insurance risks arising from escalating tensions between Israel and the Lebanese group Hezbollah, leading to the cancellation or delay of some flights at Beirut Airport.
These developments followed a rocket attack that killed 12 people in the Israeli-occupied Golan Heights on Saturday, increasing fears of a full-scale war between Israel and the Iranian-backed Hezbollah, according to Reuters.
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Netanyahu Vows Doubling Response to Any Attack from Iran or Its Allies
The Israeli security cabinet authorized the government, led by Benjamin Netanyahu, to respond to the attack. Hezbollah denied responsibility for the attack, which resulted in the highest number of casualties in both Israel and the annexed territories since Hamas' attack on Israel ignited the Gaza war on October 7th.
The departure and arrival schedules at Beirut Airport and the flight tracking site "Flight Radar 24" showed that Lufthansa and its subsidiary Eurowings canceled three flights to Beirut scheduled for Monday afternoon.
In a statement issued on Monday, the Lufthansa Group announced the suspension of its flights to the Lebanese capital Beirut until July 30th due to the current situation in the Middle East, before extending the suspension until August 5th. The company added that this measure includes flights by Swiss International Air Lines, Eurowings, and Lufthansa as a precautionary measure.
Data from "Flight Radar 24" also showed that Turkish Airlines canceled two flights on Sunday night. Turkish low-cost carrier SunExpress, Turkish Airlines subsidiary Anadolujet, Greek airline Aegean Airlines, Ethiopian Airlines, and Middle East Airlines canceled flights scheduled to arrive in Beirut on Monday. The airlines have yet to respond to requests for comment.
It is noteworthy that Beirut International Airport, known as Rafic Hariri Airport, is the only airport in Lebanon. The airport was targeted during the Lebanese Civil War and in previous conflicts with Israel, including the last war between Hezbollah and Israel in 2006.
In a related context, Middle East Airlines stated on Sunday that it had postponed the departure of some flights scheduled to arrive in Beirut that night. Additional delays were later announced for flights scheduled to land on Monday for technical reasons related to the distribution of insurance risks on aircraft between Lebanon and other destinations.
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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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