The IPS Programme: Fostering Democracy, Transparency, and Cultural Understanding
November 25, 2024, 3:16 pm

The IPS Programme: Fostering Democracy, Transparency, and Cultural Understanding

The International Parliamentary Scholarship (IPS) programme, hosted in Berlin, provided participants from the MENA region with an invaluable opportunity to delve into the workings of the German parliamentary system.

As a participant, I had the chance to engage in enriching discussions, workshops, and seminars, all centered around critical topics affecting both Germany and the Arab world. The programme not only broadened my understanding of democracy but also allowed me to explore the potential of energy partnerships, conflict resolution strategies, and the fight against corruption.

Key Topics Explored in the IPS Programme

Corruption and Transparency in the Arab World
One of the most impactful sessions during the programme was led by Dr. Tilman Hoppe, an expert in corruption and transparency. Dr. Hoppe focused on the detrimental effects of corruption in Arab countries, emphasizing the importance of international cooperation and transparency. His lecture illustrated how corruption undermines democracy and economic development in the region, and he provided practical insights on how countries can combat this issue. This session was particularly relevant for participants from the MENA region, where corruption often hinders political and economic progress.

Energy and Climate Change: Partnerships for a Sustainable Future
Another critical aspect of the programme was the exploration of energy partnerships between Germany and the MENA region, highlighted by experts Kirstin Löser and Anne Jacobs-Schleithoff. We visited a renewable energy facility, where we learned about Germany’s clean energy technologies and the potential for collaboration between Germany and Arab countries. These partnerships are crucial in addressing global challenges such as climate change and energy security. The experience offered a valuable perspective on how the MENA region could adopt similar strategies to transition toward more sustainable energy practices.

Conflict Management and Dialogue
Conflict and coexistence were at the heart of a workshop led by Dr. Anne Holper, which delved into conflict resolution strategies. The workshop underscored the importance of dialogue and understanding in resolving conflicts. This was complemented by a lecture from Gabriel Beauvallet-Bauchet, who provided a thorough overview of German democracy, particularly addressing the challenges of political polarization. The insights from this session resonated with many participants, especially those from conflict-affected regions, highlighting the role of communication and collaboration in fostering peace.

A Cultural Exchange and a Lesson in Diversity

One of the most enriching aspects of the IPS programme was the cultural exchange between participants from various countries, including Jordan, Syria, Iraq, Morocco, Tunisia, Algeria, Kuwait, Lebanon, and Egypt. Each participant shared a piece of their culture, and I had the opportunity to present a traditional Lebanese treat, "Dabke Biscuits." This exchange deepened our understanding of one another's backgrounds and traditions, fostering a sense of unity and mutual respect among the group.

Working with Deputy Johannes Schraps: A Deep Dive into the Legislative Process

As part of the programme, I completed a internship in the office of Deputy Johannes Schraps, a member of the SPD party. This experience allowed me to witness the daily workings of a German parliamentary office firsthand. I attended numerous meetings on various contemporary issues, including foreign policy, economic development, and social justice. Deputy Schraps was incredibly supportive, offering guidance and insight into the legislative process.

What truly surprised me during this internship was the work ethic of German deputies. They typically work over 100 hours a week and pay high taxes, driven by a commitment to public service. This stood in stark contrast to the situation in Lebanon, where many deputies contribute little to public life, avoid taxes, and are difficult to reach by the general public. In Germany, any citizen can request a meeting with their deputy, fostering a culture of accountability and accessibility. In Lebanon, such meetings are rare and often delayed, creating a significant gap between the people and their representatives.

Participating in the IPS programme was a transformative experience, allowing me to expand my knowledge of democracy, transparency, and international cooperation. I am deeply grateful to the German Embassy in Beirut for selecting me and to the IPS programme leaders for offering me this incredible opportunity. This programme not only strengthened my understanding of political systems but also enriched my personal and professional growth.

Through this experience, I have gained valuable insights that I will carry with me as I continue my journey in promoting democratic values and working towards positive change in my home country. Thank you to everyone involved in making this programme an unforgettable and rewarding experience.

By: Amina Younis

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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.