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Qatar Launches Initiative to Supply Syria with Electricity.. Washington Gives Green Light
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The American approval of the Qatari gas deal reflects a change in the international approach toward the Syrian interim caretaker government after recent political changes

Authorities in Doha revealed the launch of a humanitarian program aimed at providing electrical power to Syria through Jordanian territory, according to Syria TV channel.
The initiative, which came under direct instructions from Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, includes supplying quantities of gas to contribute to electricity production with a capacity of 400 megawatts as a first phase, with plans to gradually increase this amount in the future.
Details of this initiative are expected to be revealed on Thursday by the Qatar Fund for Development, during an event organized at the electricity generation station in Deir Ali in Damascus governorate, as reported by TASS agency.
Three informed sources told Reuters on Thursday that Qatar will begin supplying Syria with gas through the Kingdom of Jordan, in a move aimed at improving the deteriorating energy supplies in the country, which a US official confirmed is proceeding with Washington's approval.
According to two sources, gas will be pumped from Jordan via pipeline to the Deir Ali power plant south of Syria, where it can support electricity supplies equivalent to 400 megawatts.
In contrast, two Jordanian officials stated that they do not have information about Qatari gas arriving via ships in the coming days, while another official pointed to the possibility of importing gas with Qatari funding.
A US official indicated that President Donald Trump's administration gave its approval for the gas agreement, without providing additional information about the coordination mechanism.
The positive American signal for this deal reflects that Washington still plays an active role in the Syrian file, despite its more reserved approach to easing sanctions compared to European countries.
The United States is also seeking to encourage an understanding between Kurdish forces in northern Syria and the Syrian interim caretaker government, as part of its efforts to achieve political stability in the country, according to Reuters. Neither the US nor Qatari foreign ministries responded to Reuters' requests for comment.
Syria faces a severe shortage of electricity, with power available for only two or three hours daily in most areas, and the damage to the electricity network makes generation alone insufficient to address the problem.
Damascus previously relied on Iranian oil to operate power plants, but these supplies have stopped since the political change that overthrew Bashar al-Assad last December.
Syrian Interim Transitional President Ahmad Al-Sharaa and his government have pledged to quickly increase electricity supplies through imports from Jordan and the use of floating power generation stations, although the latter have not arrived yet.
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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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