LONDON: Iran’s central bank chief said on Saturday that all of Iran’s frozen funds in South Korea had been unblocked and would be used for “non-sanctioned goods.”
Mohammad Reza Farzin’s post on social media appeared to confirm comments a day earlier by Washington, which said there would be restrictions on what Iran could do with any funds unfrozen under an emerging deal that has led to the release of five Americans from prison to house arrest in Tehran.

DUBAI: Western-backed maritime forces in the Middle East on Saturday warned shippers traveling through the strategic Strait of Hormuz to stay as far away from Iranian territorial waters as possible to avoid being seized, a stark advisory amid heightened tensions between Iran and the US
A similar warning went out to shippers earlier this year ahead of Iran seizing two tankers traveling near the strait, the narrow mouth of the Arabian Gulf through which 20 percent of the world’s oil passes.

ANKARA: The UK and Turkiye have unveiled a deal aimed at tackling the pressing issue of migration in the Mediterranean region.

The announcement, reported by Reuters on Wednesday, has ignited fresh discussions surrounding the potential impact of the agreement on Ankara’s already weighty humanitarian responsibilities.

The Turkish government has not yet officially reacted to the alleged deal.

DUBAI: Washington-based Monumental Sports & Entertainment announced on Friday the Qatar Investment Authority as a minority investor.

The sports and entertainment company owns and operates seven professional and amateur team franchises, six venues and two media networks, among additional assets.

In partnership with the District of Columbia and Events DC, MSE has also built a 4,200-seat arena in Southeast DC.

SFAX, TUNISIA: A rubber dinghy brings back dozens of people from one of six boats the Tunisian coastguard intercepted in a 24-hour period off Sfax, a migrant launchpad for Europe.
“Our priority is to save lives,” said Mohammed Borhen Chamtouri, a commander of Tunisia’s coastguard, as the dinghy headed towards the speedboat that had spotted the migrants on radar.
Chamtouri, who is based in Sfax, was speaking after 24 hours spent intercepting and rescuing migrants who left the port city between Wednesday and Thursday.