Iran to host next NAM Summit

Leaders to the 15th Non-Aligned Movement (NAM) Summit on Thursday decided to hold their next Summit in Iran in 2012.

The decision was unanimously approved by the leaders on the final day of the summit, at NAM's Meeting of Heads of State or Government, held in the Egyptian Red Sea city of Sharm el-Sheikh.

Iran will accordingly replace Egypt as the next chair country of NAM.

The Sharm el-Sheikh Summit opened on Wednesday after days of preparatory ministerial meetings, drawing attendance by more than 100 member states and observer countries and organizations.

The Summit aimed to seek more solidarity among developing countries to tackle major international and regional issues including the ongoing world financial crisis.

Founded in September 1961, NAM now groups 118 member states, 16 observer countries and nine observer organizations. The Movement, which includes nearly two-thirds of UN member countries and comprises 55 percent of the world population, focuses on striving for the interests of developing countries all over the world. Xinhua