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Mercenaries Throughout History: Loyalty to the Highest Bidder and the International Convention Against Mercenaries

Throughout history, we have encountered the term "mercenary," particularly during the period of the expansion of the Ottoman Empire, alongside discussions about soldiers for hire, mercenaries, and the Janissary army, among others. The methods and tools used in warfare have evolved over time; some have become obsolete, while others have developed, and some have remained consistent in meaning and definition, such as "mercenaries." These are soldiers hired to fight for a country other than their own, with the goal of serving their personal interests in exchange for financial compensation, regardless of political, humanitarian, or ethical considerations.
A "mercenary" is often defined as someone who fights on behalf of a foreign country in exchange for money, or any individual who is not a national of a party involved in the conflict, nor a resident of a territory controlled by any of the warring parties. Some believe that the use of mercenaries is a modern phenomenon; however, this is not true. Many rulers throughout ancient times employed them to protect their thrones and territories because they were professional and highly trained soldiers. Here are some of the most notable and formidable mercenary units that played significant roles throughout history:
The Black Army:
Established by Hungarian King Matthias Corvinus in the second half of the 15th century, this army consisted of about 30,000 mercenaries from among the fiercest fighters in Europe, hailing from Germany, Poland, Bohemia, Serbia, and Hungary. They later became known as the "Black Army" and gained a reputation in Central Europe and the Balkans. King Matthias organized these mercenaries into a mixed army of light infantry supporting armored or heavy infantry, backed by heavily armed cavalry.
The Turkish Guard:
In the 9th century, Abbasid Caliph Al-Mu'tasim formed his own army composed of mercenary Seljuks and slaves, which he later referred to as the "Turkish Guard," helping him secure the caliphate for himself. However, these mercenaries later engaged in looting and pillaging—similar to what is currently happening in Syria—greatly damaging their reputation among Muslims. Their power increased not only over the populace but also over the Abbasid caliphs themselves, who lost control over them. The situation peaked when they participated in the assassination of Caliph Al-Mu'tasim Billah, and their issue was not resolved until 1258 when the Mongols invaded Baghdad.
The Invincible Army:
While Switzerland is commonly perceived as a neutral country that does not participate in wars, this was not always the case. Swiss soldiers were once some of the most formidable infantry troops in Europe, known for their service in foreign armies. This mercenary army was established in 1860 by American Frederick Townsend Ward, who was hired by wealthy residents of Shanghai to protect the city and deter threats during the Chinese Civil War, which began in 1851 and was considered the bloodiest conflict in history until World War II. Ward and his force of 5,000 mercenaries, known as the "Invincible Army," successfully turned the tide against the Taiping and crushed their revolution.
The Varangian Guard:
This mercenary force represented the elite fighters of the Byzantine army between the 10th and 14th centuries. They served as personal guards to Byzantine emperors and received higher wages than their counterparts in the army. They also enjoyed various privileges, including the right to claim the first spoils after victory in battles. Given their role as the primary force in the imperial palace, they had the privilege of looting the emperor's possessions upon his death.
Swiss Mercenaries:
As previously mentioned, the common image of Switzerland is of a neutral country that does not engage in warfare, but this was not always the case. Swiss soldiers were among the most formidable infantry in Europe and were known for their service in foreign armies, especially in the armies of French kings during the early modern period of European history, from the Middle Ages to the European Enlightenment. Swiss mercenaries were masters of battles and wars for many centuries, and their mere presence in combat instilled fear in their enemies and undermined their morale. Their service as mercenaries peaked during the Renaissance, due to their remarkable battlefield capabilities, making them highly sought after as mercenary forces.
The Wild Geese:
This force was founded in 1691 in France, consisting of Irish exiles expelled by English King William III during the event known as the "Wild Goose Migration." They served as mercenaries for the French and were later referred to as the "Irish Brigade," being incorporated into the French army.
The White Company:
This force emerged in 14th-century Italy and proved effective in the Hundred Years' War against France. Their military tactics, strict discipline, and soldiers known for their agility and speed on the battlefield made their services highly sought.
Mahin Sheikhani
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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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