Pentagon denies US mulling 14,000 more troops for Mideast
December 5, 2019, 10:43 am

Pentagon denies US mulling 14,000 more troops for Mideast

he Pentagon on Wednesday denied a report that the United States was weighing sending up to 14,000 more troops to the Middle East in the face of a perceived threat from Iran. (File photo Reuters)

The Pentagon on Wednesday denied a report that the United States was weighing sending up to 14,000 more troops to the Middle East in the face of a perceived threat from Iran.

The Wall Street Journal reported that the possible deployment would include “dozens” more ships and double the number of troops added to the US force in the region since the beginning of this year, citing unnamed US officials.

The paper said President Donald Trump could make a decision on the troop boost as early as this month.

But the Pentagon disputed the accuracy of the report.

“To be clear, the reporting is wrong. The US is not considering sending 14,000 additional troops to the Middle East,” spokeswoman Alyssa Farah tweeted.

The region has seen a series of attacks on shipping vessels and a drone and missile attack on Saudi oil installations in September blamed on Iran.

Washington has already ratcheted up its military presence in the Gulf and expanded economic sanctions on Tehran, elevating tensions across the region.

In mid-November the US aircraft carrier Abraham Lincoln sailed through the Strait of Hormuz in a show of force aimed at reassuring allies worried about the Iran threat.

In October Defense Secretary Mark Esper announced that two fighter squadrons and additional missile defense batteries were being sent to Saudi Arabia, for a total of about 3,000 new troops.

Earlier Wednesday Iranian President Hassan Rouhani said the country was willing to return to the negotiating table over its nuclear program if the United States first drops sanctions, which have hampered the country’s economy and may have contributed to recent domestic turmoil sparked by fuel price hikes.

Speaking at a defense conference in Manama, Bahrain on November 23, General Kenneth McKenzie, commander of US Central Command, said the US does not have all the resources it needs to cover the Middle East region.

“There is a lot of water to cover. Simply put, we don’t have sufficient resources to be where we want to be in the right numbers all the time,” he told the annual Manama Dialogue on regional security.

But McKenzie rebuffed criticism that Washington has been disengaging from the region.

“We have a carrier in the theatre, we’ve reinforced Saudi Arabia,” he said.

“So I’m not sure I would agree with the narrative of abandonment or a narrative of walking away.”

“Clearly the United States has different global priorities and this is probably not the highest global priority, but I think it remains a very important thing for the United States,” he added.

SOURCE : AFP

Iraqi Christians cancel Christmas celebrations in solidarity with protests Lebanese security forces re-open all blocked roads

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.