Stand by their decision to increase fuel prices and impose rationing despite a furious response. We begin in sri lanka where the Opposition Party led by got a bare rajapaksa has declared victory in the president ial elections his rival subject the premadasa conceded early results put rajapaksa over the 50 percent mark needed to avoid a 2nd recount rajapaksa is the brother of former president Mahinda Rajapaksa and was defense chief when the tamil tigers were defeated 10 years ago the election was dominated by rising religious tensions and a slowing economy or subject says he will stand down as the deputy leader of the United National party in a statement he said weve just witnessed the most peaceful president ial election in the history of our independent republic this was a result of the democratic gains and Institutional Reforms that have taken place over the last 5 years that empowered an independent Elections Commission and restored the rule of law my appeal to the incoming president is that he take this process forward and strengthen and protect the Democratic Institutions and values that enabled his peaceful election as the 7th president of sri lanka for more lets speak about it smith whos in colombo for us so bad this is a return of the rajapaksa political dynasty essentially to power. It is they were Mahinda Rajapakse was kicked out of office in the 2015 president ial election by an electorate seemingly tired of the constant allegations of corruption and. Human Rights Violations allegedly committed by got to by rajapakse in his role as defense minister towards the end of the civil war but this time around the rajapaksa is corralled the symbol of buddhist vote 75 percent of this islands population is similar buddhist and most of them seem to have cast their votes for the roger axes but hes issued a statement by rajapakse a conciliatory statement really he says as we usher in a new journey for sri lanka we must remember that all sri lankans a part of this journey let us rejoice peacefully with dignity and discipline in the same manner in which we campaign they are of course delighted with this victory theres no official on camera statements yet from the rajapaksa or from the rajapakse is until the Electoral Commission officially announces the results sometime later today. Than and also those Easter Sunday bombings in 100 stand there just how big a factor was security in deciding this election i mean that was that the centerpiece of rajapaksa is campaigning. Yet the fallout from Easter Sunday bombings really overshadowed this Election Campaign 263 People Killed when a suicide bombers targeted churches and hotels in sri lanka in the wake of those attacks by rajapaksa announced his candidacy for the presidency he said he would restore security to sri lanka and in the months following the attacks a damning parliamentary report exposed how a complete failure of communication during the presidency in the Prime Minister ignored warnings that came from the Intelligence Services but said the bombings were about to happen and indeed they did so rajapaksa was able to play on that failure by the Ruling Coalition and its that argument that he will bring security and stability back to sri lanka but has won over the voters despite those serious human rights that you see reflected overseas but have not been a can major concern it seems of the majority of the voters in sri lanka starting balance method watching all the developments for us in colombo thank you ben and now police in hong kong have used tear gas and water cannon on protesters as a University Campus youve been throwing petrol bombs large fires have been lit around the Hong Kong Polytechnic University in some of the most traumatic scenes of the 5 months of unrest all schools have been told to stay shut on monday because of the violence our correspondent deborah pollen is on the ground and has the latest. Its hard to tell whats happening is you know you suddenly have a major confrontation and then a lull like this but let me set the scene 1st for you here i am standing right in front of the university this is a major crossroads of the protesters have taken over to my left you will see other riot police that covered all ends of the junction they have Water Cannons have been firing blue dye also into the university and also the protesters trying to move them behind the volta been firing tear gas periodic lee trying to push them back behind now each time they do that the protesters retreated a little bit so let me walk towards where the protesters are a little bit further as you can see in front of me there are they are there the barricaded themselves with whatever they can get their hands on pretty much and as which has always been the symbol of these protests the umbrellas are to fend them off fend off any police tear a gas car and any water cannon so they move back they would treat slightly and then the police move back themselves and white next to where those umbrellas are is the University Though so if you could just pan over there paul a little bit and you can see a brick building so that made that a fortress i was here over the weekend and inside its like a little military barracks a village with everyone having their own their tasks to carry out to help with these protests. From there there have been farming molotov cocktails which havent been very effective really particularly because the water canon immediately puts them out there been far east and then been throwing things or trying to throw things at the Police Armored vehicles and the police riot police themselves and as you mentioned there yes a media officer was hit by an arrow when i was here in friday i saw students with both and arrows practicing their shots so that is one of their tactics too but since weve been here today we havent seen arrows from here at this junction. Heres former president evo morales has told al jazeera he should be allowed to return and complete his final time in office the United Nations is warning that violence in bolivia could spin out of control and prevent new elections on friday supporters were shot dead during fighting with Security Forces and there were further violent protests and clashes between Security Forces and supporters of saturday people have been launching from the region of japan to the central city of cochabamba even spoke to algiers john hall and outlined his next moves. Up into sunday if more rallies was latin americas longest standing current leader now pressured to resign by the military after accusations of electoral fraud he suddenly believe he is former president and in exile in mexico but off the less than a week he told out 0 hes already planning to go home. I cant be outside of the country im used to being with the people as a union leader president doing work i miss it a lot im looking for a legal way to go back and be with the people as they resist the dictatorship the coup he says if allowed back he wouldnt seek to run in fresh elections thats a bone of contention between him and the opposition but he still wants to complete the last 2 months of his term. I dont know why theyre so scared of evo they dont want me to participate. In everything for life or for democracy or a time my candidacy but they should let me finish my term is that understood not understood by now interim president cheney and years she said he could face charges if he goes but the coalition of discontent started back in 2016 with moralists to change the constitution to rome for a time there was a referendum the majority voted against you having a 4th. And afterwards you did it you did run again. And that seemed to go against the spirit of democracy in the country where you could interpret it like that but so you know on the 21st of february 2016 the lie won enough lies to beat us with 70000 votes moral lesson the right united and beat us based on the lie you and c. N. N. Were in on it the u. S. Embassy prepared that lie hes unrepentant the moment and he also insists that there wasnt fraud in the elections a month ago this by investigators from the organization of american states saying that they too was diverted to a secret service that there were clear manipulations he says that organizations politically motivated which of yells i had a lot of trust or some trust but now i dont have any in the oas i should be called the organization of the states of north america not america he did call fresh elections off to be oas preliminary report but by then it was too late many c. F. L. Morale is as a good leader who simply stayed too long you managed to almost have poverty the economy grew under you and you brought stability now. Given whats happened if you could go back in time would you have run again for this. Would you have gone to going to that referendum or if you could have your time again would you have bowed out gracefully garden walk you dont look for the post of presidency 6 you out thats my experience in the unions in my experience in the presidency and i want to tell you that after the 1st mandate i was happy content to go back to cochabamba when you when people say trust and go again and. That in the end may have been his undoing and in his way libya is in crisis with Police Killing protesters violence from both sides. You can only look for before john holmes how does it make scarcity. Irans Supreme LeaderAyatollah Ali Khamenei has backed a field price increase that sparked a nationwide protests he denounced what he calls hooligans for taking part and sabotage thats as police and Security Forces force with demonstrators across dozens of cities again on saturday protesters are angry that petrol is being rationed and that prices are rising by as much as 200 percent positive ari has more from tehran. A number of incidents have been reported overnight and Early Morning by the official state News Agencies here they include the setting a gas station on fire as well as attacking a Police Station in the city of shiraz and a number of religious leaders have been arrested in the city of mashhad as well as about 60 people have also been arrested in a muslim their own province now all these incidents are being carried out by what the Supreme Leader has called hooligans the highest authority in iran has been speaking to religious students in tehran early sunday morning where he voiced his opinion on the latest news about the fuel price increase lets hear what he had to say. Im not an expert on this issue but i said if heads of government make a decision i would support it and i will the heads of 3 branches have made a decision based on expert study so it should be implemented meanwhile the special committee has been meeting behind closed doors in parliament to discuss the developments of these fuel thats happened the speaker of Parliament Ali larijani has said that the parliament will support this decision as it stands and there will be a series of committees looking into how this price increase will affect the rest of the country and they will try to minimize the impact that this increase will have on other prices in the country to make sure that the peoples concerns are addressed about rising cost of goods in the cities across the country. Well the weather is next but still ahead the preliminary evaluation for saudi arabia stays on the well company falls short of some expectations and were headed to get me to find out why so many people are in despair and want to protest despite the recent violence. Hello again welcome back to your International Weather forecast well over the last few days we have been talking about this area of low pressure really bringing a lot of problems across Central Europe the flooding the winds as well as we have a lot of snow to talk about now in parts of switzerland austria and into germany you can see the clouds right there across the region but i want to show you in austria what it has been looking like just the last day we do have Power Outages out for many people across the area more snow is expected in fortune were also talking a cell service is out in some locations as well over the next few days though this is what it looks like the air of low pressure is going to continue in the next couple of days we do expect to see still 120. 00 centimeters of snow for parts of switzerland as well as into austria so more of the same problems will be going on across much of the area as we go from sunday as well as into monday still very heavy rain passing across the adriatic but it looks like on monday a lot of the rain begins to be but for italy we do have a nother band of rain that is coming into play so we watch it very carefully zurich heres a 3 day forecast still quite cool a little below average normally this time of year at 7 a mix of snow and rain on sunday a little bit better on monday but by the time we get towards tuesday mostly cloudy conditions a temperature of 5 in overnight at 0. That was sponsored by qatar it. Was taken to military are those that i was submitted me turn up not in force they were say dont think the intention was to make sure that injures women no longer entitled to be the basic rights or Citizenship Rights once their villages were burned were funneled into what is now become complex were moving into our basic youre presuming exiles coming soon on aljazeera. Again i missed. The top stories this hour rajapakse says party has declared a victory in sri lankas president ial election as rival subject premadasa conceded as early results put rajapaksa over the 50 percent mark needed to avoid a 2nd recount. Police in hong kong have used tear gas and water cannon on protesters as a University Campus have been throwing petrol bombs all schools have been told to stay shut on monday because of the violence. And bolivias former president evo morales has told aljazeera he should be allowed to return and complete his final term in office the un is warning that country the violence in the country could spin out of control and prevention your own actions. Now saudi arabia has put a preliminary evaluation on that stage and oil giant around code of between 6. 01 trillion dollars thats short of crown Prince Mohammed bin sounds target of 2 trillion the kingdom says its looking to raise more than 25000000000. 00 by selling a 1. 5 percent stake in its oil company its taking bids from investors right now on the final price will be set after that phase which sent which ends on december 5th there is economics editor joins me now crown Prince Mohammed bin someone must be disappointed by this valuation i imagine are think very much so 1st of all remember in 2016 he wanted 2 trillion dollars for the computer wants to raise 100000000000. 00 for other projects that they want to invest in now what we have come to a point where basically International Investors. The idea that they would be willing to invest in this company at anywhere above 1. 00 trillion dollars but he is pretty lucky that the saudi public will be buying into this point 5 percent of the shares will be sold to the south is saudi public and looks like that theyll take a huge allotment of those shares plus hes encouraged many of the countrys billionaires who were holed up in the in the in the in the hotel in riyadh to. To basically invest in the in this particular company as well so on that level it will be a success because on the day of the shares will be sold the Pension FundsInvestment Funds will basically go into the market and pick up any of the stock thats left over all added why is it that International Investors are not so interested in buying shares this level of reasons for this now theres different ways of. Valuing. The use of the oil price Free Cash Flow and diffidence and on most of these measures the math just did not stack up and Many International best dont fancy being a passenger in a car which has been driven by the saudi authorities the saudi authorities have said listen you know if we want to tell saudi aramco invest in projects which arent oil related and this is a huge problem you might want to remember that the russians made gazprom pay 50000000000. 00 for the for the olympics in sochi so investors are saying you know really you know this is not something that would be interested in less than 1. 00 trillion dollars maybe would be interested in stepping into the market to buy some of the stock. Well this is all for saudi arabia about diversifying our economy right so what is what will they do with the money they spend on this is rather interesting because saudi arabia does not need to sell any stock in this particular company you might want to youre probably too young to remember this but way back in the 1970 s. Britain was forced by the i. M. F. To go and sell a stake in because they wanted to borrow money they want to the bailout from the from the i. M. F. For 17. 00 1000000000. 00 ringback. In this position recently they invested 70000000000. 00 in soft bank which is an Investment Fund based in japan which is invested. And we all know that that particular i. P. O. Got pulled very recently because people didnt believe the valuation of that so saudi arabia does not need to