Iran Leader Approves Tapping Sovereign Fund for Flood Relief And Reconstruction – World News – African News Network | Latest African News | Nigerian News | Breaking News
Connect with us

World News

Iran Leader Approves Tapping Sovereign Fund for Flood Relief And Reconstruction

Published

on

Iran Leader Approves Tapping Sovereign Fund for Flood Relief And Reconstruction

Iran’s state media are reporting on Monday that supreme leader, Ayatollah Ali Khamenei, has approved drawing up to $2 billion from the country’s sovereign wealth fund, for relief and reconstruction after devastating floods.

Interior Minister, Abdolreza Rahmani Fazli said on Sunday weeks of heavy rain across the country had caused an estimated two and a half billion dollars in damage to roads, bridges, homes and farmland.  At least 76 persons have been killed, and more than 220,000 forced into emergency shelters, in what has become Iran’s worst floods in 70 years.

READ:  13 Killed In Passenger Bus Accident In Macedonia Highway

In a letter to President Hassan Rouhani, read out on Monday on state television, Ayatollah Ali Khamenei said using the national development fund is authorized if no other sources are available.  But he urged the government to explore other budgetary measures to fund the relief efforts before tapping the sovereign fund.

READ:  'Don't Bully Us', Britain Takes New Combative Tone To Brexit Talks

International federation of Red Cross and red crescent societies said on Monday, in Geneva, an estimated two million persons needed humanitarian assistance as a result of the floods. It had launched an international emergency appeal seeking five million dollars for humanitarian work in the country.

READ:  Rwandan Genocide Suspect Deported To Face Criminal Charges

The Sovereign Wealth Fund institute, which tracks the industry, says Iran’s Sovereign Wealth Fund is worth about $92 billion.

World News

Bombers Who Carried Out Attacks In Sri Lanka Were Well Educated – Investigators

Published

on

By

Bombers Who Carried Out Attacks In Sri Lanka Were Well Educated - Investigators

Investigation into Sri Lanka Easter Sunday bombings that killed more than 350 persons entered a fourth day on Wednesday.

Investigators say the suicide bombers who struck churches and hotels were all well-educated, middle-class Sri Lankans.

There were nine of them, eight men and one woman — including the man described as the leader of the homegrown, militant Islamist group that was blamed for the attack.

READ:  Uber Driver Kills Man After Being Threatened With A ‘Pistol’

Indian intelligence officials revealed it was the last in a series of unheeded alerts, including an intelligence memo, written at least 10 days before the bombings, that warned of attacks on churches.

President Maithripala Sirisena has requested the resignations of defense secretary, Hemasiri Fernando, and Inspector General of Police, Pujith Jayasundara.

READ:  Children Return To Schools In Indonesia Quake City To Clean Up, Find Friends

Meanwhile, victims of the Easter Sunday bombings in Sri Lanka were laid to rest on Tuesday, with one funeral procession following another all day.

Giving the victims in Negombo a Christian burial essentially required a mass grave, and a whole new cemetery had to be hastily dug to bury more than a hundred bodies. The graves are simple mounds, covered in flowers.

READ:  Bemba Regains Freedom

Family, neighbors and friends looked on, still trying to absorb the community’s staggering loss.

Continue Reading

World News

Iranian Foreign Minister Condemns Trump Silence On Saudi Mass Execution

Published

on

By

Iranian Foreign Minister Condemns Trump Silence On Saudi Mass Execution

Iran’s Foreign Minister, Mohammad Javad Zarif has criticised the administration of US president Donald Trump for not condemning a mass execution of prisoners in Saudi Arabia.

On Tuesday, Saudi Arabia beheaded 37 of its citizens for what it said were “terrorism”-related crimes, publicly pinning two of the bodies to a pole as a warning to others.

READ:  We'll Pay If You Take In Migrants, Brussels Tells EU Governments

Tehran and Washington have taken in tit-for-tat measures to label each other’s military as “terrorist” recently, following Trump administration’s decision on Monday to end waivers for country’s importing oil for Iran.

READ:  'Dangerous Complacency' Feared As AIDS Conference Opens

Saudi Arabia’s interior ministry said in a statement that the prisoners were found guilty of attacking security installations with explosives, killing a number of security officers, and cooperating with “enemy organizations” against the interests of the country.

READ:  Saraki Addresses World Press Conference

Rights groups say each year, between 2015 and 2017, Saudi Arabia executed at least a hundred fifty prisoners.

Continue Reading

World News

North Korea’s Kim Arrives In Russia Ahead Of Summit With Putin

Published

on

By

North Korea's Kim Arrives in Russia Ahead of Summit With Putin

North Korean leader Kim Jong Un has arrived in the Russian city of Vladivostok ahead of his planned summit with Russian president Vladimir Putin.

READ:  Theresa May Loses Control Of Brexit Negotiations, Parliament Takes Over

Russian state television showed Kim stepping out of his green private train at a railway station in the Eastern Port City, Wednesday afternoon under a leaden sky.

READ:  Bemba Regains Freedom

Kim and Putin are set to meet for the first time Thursday, but there is no plan to sign any agreements or make a joint statement.

READ:  Khashoggi Death “Despicable”, But Iran Greater Challenge – Israeli Minister

Kim’s visit to North Korea’s northern neighbor comes amid an impasse in the nuclear negotiations between Pyongyang and Washington.

Continue Reading

Trending

Subscribe to ANN News Alert

Be the first to receive the latest news from Africa and around the world.

%d bloggers like this: