Britain to transfer over 400 million pounds debt to Iran soon: Iranian official

This file photo taken on June 10, 2016 shows Nazanin Zaghari-Ratcliffe (L) posing for a photograph with her daughter Gabriella. She is currently being held in an Iranian prison (AFP / Free Nazanin campaign)
Updated 17 November 2017
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Britain to transfer over 400 million pounds debt to Iran soon: Iranian official

ANKARA: Britain will soon transfer its debt of over 400 million pounds ($527 million) to Iran, the Iranian ambassador wrote on his telegram channel on Friday, but said there was no link between paying the debt and the case of jailed British-Iranian aid worker.
“An outstanding debt owed by the UK to Tehran will be transferred to the Central Bank of Iran in the coming days. The payment ... has nothing to do with Nazanin Zaghari-Ratcliffe’s case,” Hamid Baeedinejad wrote on his Telegram channel.


Saudi Arabia pledges $100m to help ‘stabilize’ Syria’s northeast

Updated 22 min 33 sec ago
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Saudi Arabia pledges $100m to help ‘stabilize’ Syria’s northeast

  • United States, which leads the anti-Daesh coalition, expressed its  thanks for the funds
  • The money will help ensure the militants cannot re-emerge as a threat

RIYADH: Saudi Arabia has contributed $100 million to help reconstruct areas of north-eastern Syria formerly held by Daesh.

The Kingdom said the contribution would go toward a campaign by the Global Coalition to Defeat ISIS to “stabilize” the former Daesh bastion and help ensure the militants cannot re-emerge as a threat.

The United States, which leads the coalition, expressed its  thanks and appreciation to Riyadh.

“This significant contribution is critical to stabilization and early recovery efforts,” a State Department spokeswoman said. “Saudi Arabia has been a leading partner in the Global Coalition to Defeat ISIS from the outset.”

The funds are the biggest single financial  contribution yet for reconstruction efforts in areas formerly controlled by the extremists.

The money would “save lives, help facilitate the return of displaced Syrians, and help ensure that Daesh cannot reemerge to threaten Syria, its neighbors, or plan attacks against the international community,” the Saudi Embassy in Washington said.

The contribution aims to support “stabilization projects” and “will play a critical role in the coalition’s efforts to revitalize communities, such as Raqqa, that have been devastated by Daesh terrorists.”

The statement said the money showed Saudi Arabia’s continued commitment to serve as a stabilizing force in the region.

The funds, part of a pledge made by Foreign Minister Adel Al-Jubeir last month, will go towards projects to restore essential services in the areas of health, agriculture, electricity, water, education, and transportation.

The United Nations has said reconstruction in Syria would cost at least $250 billion. The Daesh takeover of large areas of territory in Syria and Iraq in 2014 led to huge levels of destruction. 

A conference on the reconstruction of Iraq held in Kuwait in February raised $30 billion in funding commitment. Saudi Arabia said at the event it would contribute $1.5 billion in financial and reconstruction support. 

Saudi Arabia also hosted the founding conference for the coalition in Jeddah in September 2014, and soon after flew the first air missions to bomb Daesh targets in Syria.