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Iran gets back 13 tonnes of gold in sanction relief

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Tehran: Iran has received 13 tonnes of gold which had been held in South Africa for two years due to sanctions, Iran’s central bank announced on Wednesday.
The gold was delivered to the central bank on Tuesday night. After purchasing the gold, Iran had to deposit it in South Africa as sanctions blocked its way to Iran, semi-official Fars news agency quoted Central Governor Valiollah Seif as saying.
The report did not mention where and when did Iran purchase the gold, according to Xinhua.
Seif thanked Iranian nuclear negotiators for the return of the gold, saying that their efforts at the Vienna talks helped to free the frozen asset.
Iran has received $4.2 billion in unfrozen assets under the 2013 interim agreement with the US and was then given another $2.8 billion by the Obama administration last year in a bid to keep Tehran committed to the talks. (IANS)

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Concentrate on Health and Education as it is Done For Business: World Bank President

One in 10 people around the world lives in extreme poverty, which the World Bank defines as earning less than $1.90 a day.

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World Bank President Jim Yong Kim said that social unrest will spread without a focus on meeting basic human needs and taking a businesslike approach to philanthropy.
World Bank income groups. Wikimedia commons

The fight against poverty needs to focus aggressively on the health and education of the young and vulnerable, said non-government organization and development officials who spoke at the Milken Institute Global Conference in Los Angeles recently.

World Bank President Jim Yong Kim said that social unrest will spread without a focus on meeting basic human needs and taking a businesslike approach to philanthropy. The critique comes as a powerful new player, China, forges a major role in international development and as the World Bank prepares a ranking of nations to reflect investments in people.

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One in 10 people around the world lives in extreme poverty, which the World Bank defines as earning less than $1.90 a day. Nearly 6 million children under the age of 5 die every year, many from preventable diseases like pneumonia, diarrhea or malaria. (VOA)

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Britain Firmly Committed to Ensuring Iran Nuclear Deal

The two leaders also condemned the Iranian rocket attacks against Israeli forces earlier this week and agreed on the need for calm on all sides

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Theresa May
Theresa May (Wikimedia Commons)

British Prime Minister Theresa May has told US President Donald Trump that her government remains firmly committed along with her European partners to maintain the Iran nuclear deal, media reported on Saturday.