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Why Iran launched missile attack on Erbil

At midnight on Sunday, March 13, news agencies reported that several rockets hit the city of Erbil in Iraqi Kurdistan, near the US Consulate. The Iraqi Kurdistan Counter-Terrorism Agency said 12 ballistic missiles were fired from outside Iraq; And the missiles were fired from inside Iran, Reuters quoted a US official as saying.
The Iraqi Prime Minister immediately condemned the attack, and the UN Office in Iraq denounced it as cowardly. Many other countries also strongly censured the attack, calling it an unjustified aggression.
Hours later, IRGC public relations officials claimed responsibility for the rocket attack, claiming that it had targeted an Israeli Mossad base.
But the probing question is what was the purpose of Khamenei's missile attack on Iraqi Kurdistan and why did he take such an action in such a situation where the world is involved in the Ukraine crisis and what were his goals with this attack?
An IRGC spokesman claims the attack was in retaliation for the killing of two Revolutionary Guards Quds Force colonels in Syria last week in an Israeli airstrike. Iran claims a Mossad base in Erbil was the target of a missile strike. They also announced a number of fake names as Israeli agents who were killed and wounded in the attack. Of course, it is very clear that these names are all fictitious because according to local officials of the Kurdish government, no one was killed or injured in this attack. In addition, the missiles hit the city of Erbil sporadically; for example, they hit the building of the local Kurdistan television, causing a lot of damage.
But the regime has been targeted by Israel for a long time and several so-called scientists involved in the regime's nuclear projects, such as Fakhrizadeh, known as the father of the regime's missile and nuclear projects, have been eliminated. Moreover, several nuclear sites like the centrifuge facilities on the Natanz site, were destroyed by an explosion and a large number of centrifuges there were smashed. Last month, Israel also struck a major Iranian drone base in Kermanshah province, destroying a large number of drones.
On the other hand, a number of Revolutionary Guards in Syria have continuously been killed by Israeli attacks without Khamenei being able to react.
With the killing of the two colonels, who were some top commanders of the Quds Force in Syria, he had to do something to motivate his forces. Because, otherwise, with the present broken morale of the Revolutionary Guards, with few people willing to go to Syria, the morale would have shattered.
But because he had neither the power to invade Israeli territory, nor did he dare to do so, the best place to attack was Erbil. Kurdistan is controlled by Barzani’s Democratic Party which has not accepted Khamenei's hegemony and has no good relations with Tehran. On the other hand, it has established good relations independently with the United States, Israel and Turkey. Barzani has also sheltered Iranian Kurdish forces opposed to Khamenei and allowed them to operate in areas under his control.
As a result, Khamenei fired missiles at Erbil, actually targeting several targets with an arrow.
First, he intended to boost the morale of his forces and pretended to avenge the deaths of his two colonels and the other blows he had received from Israel.
Second, he intended to warn Barzani that if he does not accept Khamenei's hegemony and establishes friendly relations with the Iranian opposition, he can be targeted any moment.
Third, by holding the United States and European countries to ransom – countries that are currently involved in the Ukraine crisis and have reached a deadlock with Iran in the JCPOA negotiations - he has sent a message that if they do not accept his terms in JCPOA and recognize his hegemony and influence in the region, he can destabilize this region again, which will cause the price of oil to rise even more.
But did this missile attack really seem to have taken place from a position of power and shown Khamenei's ability, or, on the contrary, it shows how Khamenei, like a drowning person, would cling to any straw to save his life? Khamenei thinks an attack can save his dying regime.
Because Iran is currently in the throes of an economic crisis and Iranian society, with more than 60% of the population below the poverty line, is on the verge of explosion. These days, protest rallies and demonstrations of different segments of the population are constantly seen in all cities of Iran. For the second year, more than half of the country's budget is in deficit, which has led to the printing of unsupported money, which has pushed inflation above 50% and for some items above 60%.
If US sanctions continue, there is undoubtedly not much time left until Iranian society falls apart. But Khamenei thinks he can take advantage of the energy crisis created by the Russian invasion of Ukraine - which has put pressure on European countries - to impose his demands and cancel sanctions without completely shutting down his nuclear project. He thinks he can save his regime by reselling oil, which is currently above $ 100 a barrel.
This blatant aggression, with ballistic missiles from inside Iran, while they are engaged in the Vienna talks, proves once again that any concessions to this regime make the mullahs bolder and offer them a carte blanche for more terror, crisis and incitement to war in the world.
To sum up, as far as the international community is concerned, they must strongly condemn Khamenei's rocket attack and ransom, and they must adopt a policy as decisive as possible to deny any appeasement. This will send a message to Khamenei that he cannot save himself in this way.
The international community should not pursue the short-term benefits of returning Iranian oil to the market in the face of the current energy crisis. Because by adopting such a policy, we can be sure that the Iranian regime will soon collapse from within, and this will be in the long-term interests of not only the Middle East but the whole world.
BY: Cyrus Yaqubi
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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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