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On the Arabic Need for Critical Approaches

**Dr. Abdullah Turkmani**
What is unfolding before our eyes today is an inevitable political and cultural outcome of decades of marginalizing the Arab individual and living under systematic oppression and its horrors. It marks the end of the last bets of a generation of advocates for Arabism that has failed to achieve the long-desired renaissance through the military coup model, accompanied by crimes against society, the domination of a minority over a majority, militarization, prisons, the sanctification of the individual, the construction of pre-national identities, and the ruralization of urban centers.
Despite this, some speakers still imagine that they can change the realities of the age and the world with their words and rhetorical speeches in a world that recognizes only the light of truth, the strength of civilization, and productive work based on science and organization, as well as constitutional political freedoms that transcend any despotism and expose all corruption.
Therefore, no one should think that there is a decisive Arab moment requiring a high degree of honesty with oneself and clarity of vision, as we currently experience. It is imperative to diagnose the ailment and uncover the causes of this affliction before delving into the core of the problem and discussing solutions and how to emerge from it.
The rational critical approach we courageously adopt in all our writings and positions is what we believe will elevate the Arab link from an emotional advocacy level to a firm political foundation in Arab political thought. Anyone who believes the issue is confined to a specific ideological discourse is mistaken; all currents of the nation are concerned with shaping a contemporary Arab discourse that embodies the authenticity of our peoples, absorbs the totality of contemporary civilizational orientations, and anticipates the interests and goals of the peoples of the region. As we engage in scientific critique of the prevailing consciousness, we aspire to purify all that is regressive, linking it to universality, progress, and democracy, because this content constitutes the central point for our future.
There is no doubt that in an Arab world suffering from historical backwardness and living under the divorce between the ruling authorities and estranged Arab societies, it is extremely difficult for any researcher or writer to challenge the narratives and concepts that have entrenched over decades, especially after the Arab state, whatever its name, has become a façade for monopolizing and centralizing power.
The worst aspect of the current Arab reality is that within its accumulated negatives, it holds no genuine source of hope, even in the long term. The ongoing repercussions in more than one Arab country carry more risks and anxieties than they do clear momentum towards a better future. If we could survey the opinions of Arab peoples anywhere about their reality and their vision for the future, the response would be a mixture of criticism of the present and fear of the future.
Amid discussions about the necessity of change and deep transformations in the Arab world—socially, culturally, politically, and economically—we still notice that the Arab discourse is enveloped in rhetorical, ornamental language that does not offer tangible solutions nor deal with reality. It is a discourse that floats in a vast and stretchy space, failing to address specific issues according to visions rooted in the realities, problems, and aspirations of our peoples.
While development moves towards new horizons, presenting unprecedented visions, values, and challenges paving the way for a new universal reality that might overturn the prevailing trend of human civilization on earth so far, the Arab individual remains trapped in questions from the 19th century, repeating and revisiting them in a vicious cycle. During the period of the Renaissance, which began in the second half of the century and matured in the first half of the 20th century, Arabs aspired to advancement and to elevate their countries and societies to the level of contemporary civilization. However, at this stage, Arabs are "kidnapped" and besieged between rigid internal factors that prevent the healthy flow of blood in their societies and the direct international interventions that heavily impact current Arab developments according to their interests.
Yet, it is futile and absurd to continue lamenting the external powers with vested interests and to attempt to give them lessons in morality, as they are not charitable organizations that assist the oppressed. Ultimately, one must rely on oneself, after understanding the mechanisms of international dealings in this era.
In reality, one is perplexed when looking at the list of postponed historical debts confronting the Arabs, as mentioned by Dr. Mohammed Jaber Al-Ansari:
- The debt of religious reform and the exacerbation of the obstacles opposing its achievement through a regression into fundamentalist extremism.
- The debt of slow and frozen political reform, characterized by procrastination that comes and goes, except in a limited number of Arab countries.
- The difficulties in birthing civil society and its institutions under the weight of sect and tribe and their outdated traditions, as well as its violation by the tyranny of parties that have taken only the name of modernization; in reality, they are sects and tribes that have organized themselves politically and socially.
- The confusion between old and imported
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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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