Damage caused by a devastating earthquake in Turkey will exceed $100 billion, a U.N. Development Programme official told a press briefing on Tuesday ahead of a major donor conference next week.
"It's clear from the calculations being done to date that the damage figure presented by the government and supported by...international partners would be in excess of $100 billion," said the UNDP's Louisa Vinton, by video link from Gaziantep.
More than 52,000 people were killed in Turkey and Syria by the February 6 earthquakes, with many being crushed or buried in their sleep.
The provisional damage figure, which Vinton said covers just Turkey, is being used as a basis for a donor conference to mobilise funds for earthquake victims in Brussels, Belgium on March 16, she added.
The World Bank previously estimated the Turkey damage at around $34.2 billion.
Vinton described the scenes in Turkey's worst-hit Hatay province as "apocalyptic", saying hundreds of thousands of homes have been destroyed. "The needs are vast but the resources are scarce," she added.
Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting off powerful aftershocks.
President Donald Trump's administration has asked the US Congress on Wednesday for $87.6 billion in additional funding, most of it related to the Iran war, setting the stage for another fight with lawmakers already frustrated with the conflict.
An earthquake of magnitude 6.9 has struck Japan's northeast coast on Thursday, but no tsunami warning was issued, no injuries were immediately reported and no irregularities were found at nuclear facilities, the authorities said.
US President Donald Trump has stated on Tuesday that Iran had agreed to nuclear inspections into "infinity," while Tehran said it had made no such concession in negotiations, raising questions about the viability of their fragile peace deal.
Oman has coordinated with the International Maritime Organisation (IMO) to establish a temporary maritime corridor for vessels transiting the Strait of Hormuz, according to its local news agency.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?