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Vladimir Putin: Russia is ready to offer modern weapons to its allies

President Vladimir Putin said on Monday (August 15) that Moscow was ready to sell advanced weapons to allies globally and cooperate in developing military technology, nearly six months into the Ukraine war in which his army has performed worse than expected, the Anews reported, citing media agencies.
With the Russian leader's forces beaten back from Ukraine's two biggest cities and making slow headway, at heavy cost, in the east of the country, the war has so far not proved to be a convincing showcase for Russia's arms industry.
But the Kremlin leader, addressing an arms show outside Moscow, insisted Russian weaponry was years ahead of the competition.
Russia cherished its strong ties with Latin America, Asia and Africa, "and is ready to offer partners and allies the most modern types of weapons - from small arms to armoured vehicles and artillery, combat aircraft and unmanned aerial vehicles", he said.
"Almost all of them have been used more than once in real combat operations."

He said Russia could offer new models and systems - "we are talking about high-precision weapons and robotics, about combat systems based on new physical principles.
"Many of them are years, or maybe decades ahead of their foreign counterparts, and in terms of tactical and technical characteristics they are significantly superior to them."
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Western military analysts have suggested that what they cast as the poor performance of Russian troops and weaponry in Ukraine could make Moscow's arms exports less attractive to potential buyers, such as India, which have heavily relied on its technology in the past.
Ukraine has made effective use of U.S.-supplied weaponry, especially HIMARS advanced rocket systems, and Russia has taken a series of major blows, including devastation of an airbase in the Russian-annexed Crimean peninsula last week.
Nevertheless, Putin said the forces of Russia and its proxies in the Donbas region of eastern Ukraine were fulfilling all their tasks.
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He said: "Step by step they are liberating the land of Donbas.”
The speech formed part of a pattern of statements since the Feb. 24 invasion in which Putin and Sergei Lavrov, his foreign minister, have talked up the potential for Russia to cooperate with allies like China, India, Iran and others to build a new international order no longer dominated by the United States.
"I want to emphasize that Russia stands for the broadest comprehensive development military-technical cooperation.
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Today in conditions of confidence in the emerging multipolar world, this is especially important," Putin said.
"We highly appreciate the fact that our country has many like-minded allies and partners on different continents. These are the states that do not succumb to the so-called hegemon, their leaders show a real masculine character and do not bend."
Source: anews
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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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