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Syria... Complex Files on the Table of the Caretaker Government and the International Community Watches
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The centralized governance experience in Syria has proven a complete failure in managing societal diversity and achieving justice in the distribution of resources between different regions

Syria's interim transitional President, Ahmed al-Shara, is navigating complex challenges in his relationship with the international community, especially as the issues before him are highly intricate and interconnected.
Amid the dilemmas facing Syria, questions revolve around al-Shara's ability to achieve the breakthrough needed to move the country to stability, while countries impose specific conditions for opening channels of support and cooperation.
It is certain that the international assessment of the Syrian interim caretaker government announced by al-Shara on Saturday will not be limited to its composition but will extend to evaluating its results during the coming phase.
Under extremely difficult economic and living conditions, and amid a heavy legacy left by former President Bashar al-Assad's regime in relations with neighboring and distant countries, all ministries face compound challenges requiring redoubled efforts, as acknowledged by al-Shara and the ministers themselves.
The interim president formed a government with a Sunni majority (19 out of 23), though a notable number of Sunni ministers have high qualifications, and comments indicate high expectations of them as specialists regardless of their sectarian affiliations.
The government formation modestly included a Druze minister given the Agriculture Ministry, a Kurdish minister entrusted with the Ministry of Education, and an Alawite minister assigned the Ministry of Transportation, while Minister Hind Qabawat, who was given the Ministry of Social Affairs, was described by President al-Shara as both "a woman and a Christian."
Events in the Syrian coast required the interim president's administration to face an extremely difficult test and highlighted the problem of extremist groups while reinforcing fears of growing sectarian violence.
The authorities acknowledged violations and pledged to hold accountable what they described as rogue groups, but the international community awaits proof of firm and fair accountability to ensure that what happened does not recur, whether on the coast or in different regions.
The refugee return file represents a difficult, intertwined challenge connected to dozens of other countries. This requirement itself relates to multiple conditions, such as providing a safe environment and a stable political and economic situation capable of absorbing this return of millions, which will naturally require years of continuous efforts.
The Syrian economy is suffering an unprecedented collapse, including rising unemployment and inflation rates, and deteriorating basic services such as water, electricity, and health, which poses a fundamental obstacle to the return of refugees. Moreover, the war has destroyed massive infrastructure that may take a long time to repair and requires huge investments.
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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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