Iranian Armed Forces chief Maj Gen Mohammad Bagheri has assigned a high-ranking delegation to investigate the helicopter crash in which President Ebrahim Raisi and other high-ranking officials were killed.
The delegation has been sent to the crash site and the results of the investigation will be announced when the mission is completed, Irna said later on Monday.
Iran will hold presidential elections on June 28, the state news agency said.
The date was decided in a meeting of senior officials led by interim president Mohammad Mokhber, who was First Vice President.
Foreign Minister Hossein Amirabdollahian, East Azerbaijan provincial governor Malik Rahmati and Mohammed Ali Ale Hashem, supreme leader Ayatollah Ali Khamenei's representative to East Azerbaijan, were also killed in the helicopter crash.
“Ayatollah Raisi, the beloved president of our country, was martyred in a helicopter crash in the Varzaghan region of East Azerbaijan and joined the supreme kingdom,” Irna said.
Mr Khamenei has declared five days of national mourning, confirming their deaths with "great sorrow and regret".
"The Iranian nation lost a sincere and valuable servant," he said in a statement.
Mehdi Mousavi, head of Mr Raisi's protection unit, pilots Taher Mostafavi and Mohsen Darynaosh, and several bodyguards were also killed in the crash, Irna reported.
The group was travelling from Azerbaijan to Iran’s city of Tabriz when their helicopter made a “hard landing” due to heavy fog, state media said on Sunday afternoon.
It said “no sign of life” was detected at the site of the crash in East Azerbaijan province, after more than 70 rescue teams spent the night scouring the mountainous terrain on foot.
Initial reports on the crash varied wildly, including claims that contact had been made with several people onboard the helicopter.
On Monday, Irna reported that Mr Ale Hashem survived for an hour after the crash and contacted Mr Raisi's chief of staff, Gholam Hossein Esmaili.
The bodies were removed from the crash site on Monday morning and taken to the city of Tabriz, the Red Crescent announced, with funeral arrangements set to be revealed by the government.
Experts say the death of Mr Raisi, widely seen as the successor to an ailing Mr Khamenei, 85, will disrupt the choice for the next supreme leader.
The hardliner, 63, took office in 2021 and hastened Iran's nuclear programme, in addition to presiding over the fierce government clampdown on anti-regime protests sparked by the death of Mahsa Amini in morality police custody in September 2022.
The government introduced tighter restrictions on public freedom after the protests.
Former foreign minister Mohammad Javad Zarif blamed the US for the crash, saying sanctions prevented Tehran from buying modern aircraft and parts.
Israeli officials denied involvement in the deaths, in statements to Reuters.
Mr Raisi served in Iran's judiciary, including as deputy prosecutor for Tehran, and was well known for his role in the execution of thousands of political prisoners in the 1980s, earning him the nickname “the Butcher of Tehran”.
The government said Mr Raisi “sacrificed his life” for Iran and “did nothing but serve the great people of Iran on the way to the advancement and progress of the country”.
State work will continue “without the slightest disruption”, it said.
Several foreign heads of state expressed their condolences, including Iraqi Prime Minister Mohammed Shia Al Sudani and Indian Prime Minister Narendra Modi.
Pakistan also declared a day of mourning, while Lebanon will observe three.
In 2019, Mr Raisi was placed under sanctions by the US “for his administrative oversight over the executions of individuals who were juveniles at the time of their crime, and the torture and other cruel, inhuman or degrading treatment or punishment of prisoners in Iran, including amputations”.
Executions of regime critics also soared under Mr Raisi's reign, with human rights organisations recently saying one person was being executed every five hours in Iran.
His death comes about three months after Iran's parliamentary elections, in which the 41 per cent turnout was the lowest since 1979.
Voters boycotted the election amid continuing opposition to a regime that has adopted tougher crackdowns on critics and failed to revive an ailing economy weakened by successive rounds of sanctions.
'Faithful servant'
The death of Mr Amirabdollahian, who had close ties with the Islamic Revolutionary Guard Corps and regional proxies, comes at a time when Iran-allied groups continue to fight Israel in response to its campaign in Gaza, and weeks after unprecedented tension between Israel and Iran led to direct attacks.
In an obituary published by Irna on Monday, former diplomat Fatullah Tavasoli said Mr Amirabdollahian “was one of the leading people in obeying the orders of the supreme leader” and working with regional proxies against Israel.
He had a “very intimate and close relationship” with Hezbollah chief Hassan Nasrallah, Mr Tavasoli said.
Iran's Strategic Council of Foreign Relations said the minister was a "faithful servant" and acted to counter "cruel" international sanctions against Tehran, which have increased in recent months over support for Yemen's Houthi rebels and a surge in executions of regime critics.
Deputy Foreign Minister Ali Bagheri Kani has been appointed as Mr Amirabdollahian's replacement.
All sporting domestic events have been cancelled for the next week while cinemas have been closed as public officials issue statements mourning the president and foreign minister.
While authorities across Iran announced the start of grieving ceremonies on Monday morning, many Iranians bereaved and exiled under Mr Raisi's rule and previous leaders welcomed his death.
On Sunday night, social media footage showed fireworks set off in several Iranian cities, including Ms Amini's hometown of Saqqez in the Kurdish west.
On social media, users in Iran and the diaspora made light of the deaths while government authorities warned social media accounts were under surveillance over suspected public incitement.
In a post on X, activist Masih Alinejad said the people of Iran had the right to “rejoice”.
Mr Raisi's death “represents a monumental and irreparable strategic blow to supreme leader Ali Khamenei and the entire regime, notorious for its executions and massacres”, said Maryam Rajavi, president of the National Council of Resistance of Iran, which includes the Mojahedin e-Khalq organisation.
Hamed Esmaeilion, whose wife and daughter were killed when Ukrainian Airlines Flight 752 was shot down by the IRGC, said Mr Raisi deserved to be brought to justice.
“His victims have been robbed of the opportunity to bring this criminal to justice, but his name shall be etched in history in the dark shroud of criminality,” he wrote on X.
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EAlmouneer%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Dr%20Noha%20Khater%20and%20Rania%20Kadry%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EEgypt%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E120%3Cbr%3E%3Cstrong%3EInvestment%3A%20%3C%2Fstrong%3EBootstrapped%2C%20with%20support%20from%20Insead%20and%20Egyptian%20government%2C%20seed%20round%20of%20%3Cbr%3E%243.6%20million%20led%20by%20Global%20Ventures%3Cbr%3E%3C%2Fp%3E%0A
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The biog
Date of birth: 27 May, 1995
Place of birth: Dubai, UAE
Status: Single
School: Al Ittihad private school in Al Mamzar
University: University of Sharjah
Degree: Renewable and Sustainable Energy
Hobby: I enjoy travelling a lot, not just for fun, but I like to cross things off my bucket list and the map and do something there like a 'green project'.