REYKJAVIK: Businesswoman Halla Tomasdottir was set on Sunday to become Iceland’s new president, election results showed, beating former prime minister Katrin Jakobsdottir, who critics said was too political for the post.
Jakobsdottir conceded defeat early on Sunday and congratulated Tomasdottir, the CEO of The B Team, a global non-profit co-founded by UK business tycoon Richard Branson to promote business practices focused on humanity and the climate.
Iceland’s president holds a largely ceremonial position in the parliamentary republic, acting as a guarantor of the constitution and national unity.
He or she does however have the power to veto legislation or submit it to a referendum.
Tomasdottir, 55, was officially credited with 34.6 percent of votes, after 71.6 percent of ballot papers had been counted on Sunday.
The 48-year-old Jakobsdottir, who stepped down as prime minister of a left-right government in April to run in Saturday’s election, garnered 25 percent.
The results showed Tomasdottir with much stronger support than opinion polls had suggested in the run-up to the election, where the two candidates had been seen running neck-and-neck.
The final results were likely to change somewhat but Jakobsdottir conceded defeat in the early hours of Sunday before the last votes were in.
“It seems to me that Halla Tomasdottir is quickly heading toward becoming the next president of Iceland.
“I congratulate her on that and know that she will be a good president,” Jakobsdottir told national broadcaster RUV at an election night rally.
Tomasdottir meanwhile told daily Morgunbladid during her election rally she was “just trying to breathe.”
“I feel incredibly good. I know it’s not over until it’s over. So I’m also just trying to stay calm and breathe,” she said.
Tomasdottir is also the founder of Audur Capital, an investment firm created in 2007 aimed at promoting feminine values in the financial sector.
No one central issue dominated the campaign, where candidates traditionally run as independents without party affiliations.
In the country of 380,000 people, any citizen gathering 1,500 signatures can run for office.
While Jakobsdottir was at times seen as the favorite, political observers had suggested that her background as prime minister could weigh against her.
Among the other main candidates in the field of 13 were a political science professor, a comedian, and an Arctic and energy scholar.
Tomasdottir is set to be the second woman to serve as Iceland’s president.
In 1980, Vigdis Finnbogadottir became the world’s first woman democratically elected as head of state.
The businesswoman is set to succeed the hugely popular Gudni Johannesson, who has held the job since 2016.
He announced earlier this year that he would not seek re-election.
Jakobsdottir, party leader for the Left Green Movement from 2013 until her presidential bid, has been hailed for her handling of the resurgence in volcanic eruptions on the Reykjanes peninsula since December.
The five eruptions, including one last week, have sparked a series of evacuations as well as the state’s acquisition of homes from residents evacuated from the threatened fishing town of Grindavik.
Businesswoman set to become Iceland’s next president
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Businesswoman set to become Iceland’s next president
- Halla Tomasdottir was officially credited with 34.6% of votes, after 71.6% of ballot papers had been counted
- Iceland’s president holds a largely ceremonial position in the parliamentary republic
Taiwan to send team to assess US rare earth deposits
TAIPEI: Taiwan plans to send officials to assess US rare earths deposits with a goal to have such minerals refined on the island, Economy Minister Kung Ming-hsin said on Wednesday.
President Donald Trump’s administration has stepped up efforts to secure US supplies of critical minerals after China rattled senior officials and global markets last year by withholding rare earths required by American automakers and other industrial manufacturers.
Trump last week launched a US strategic stockpile of critical minerals, called Project Vault, backed by $10 billion in seed funding from the US Export-Import Bank and $2 billion in private funding.
While semiconductor powerhouse Taiwan is not formally part of that scheme, it has previously held talks with the United States on how it can help, given Taipei’s concerns about over-reliance on a China-centric supply chain.
China views Taiwan as its own territory and has stepped up its military threats.
Speaking to reporters in Taipei, Kung said the ministry’s Geological Survey and Mining Management Agency would go to the United States to assess rare earths deposits there.
“Specifically, what rare-earth elements they contain and whether they are suitable. In other words, whether those are the rare earths we actually need. So we still need to investigate,” he said.
Given Taiwan does not mine such elements itself, it can instead play a role in refining the materials from other countries, Kung added.
“The technology is not an issue; the next step is scaling up,” he said.
Taiwan consumes 1,500 metric tons of rare earth annually, a figure projected to rise to 2,000 metric tons given economic growth, Kung added.
“Our goal is to expand production capacity to meet half of our demand by then, strengthening the supply chain.
President Donald Trump’s administration has stepped up efforts to secure US supplies of critical minerals after China rattled senior officials and global markets last year by withholding rare earths required by American automakers and other industrial manufacturers.
Trump last week launched a US strategic stockpile of critical minerals, called Project Vault, backed by $10 billion in seed funding from the US Export-Import Bank and $2 billion in private funding.
While semiconductor powerhouse Taiwan is not formally part of that scheme, it has previously held talks with the United States on how it can help, given Taipei’s concerns about over-reliance on a China-centric supply chain.
China views Taiwan as its own territory and has stepped up its military threats.
Speaking to reporters in Taipei, Kung said the ministry’s Geological Survey and Mining Management Agency would go to the United States to assess rare earths deposits there.
“Specifically, what rare-earth elements they contain and whether they are suitable. In other words, whether those are the rare earths we actually need. So we still need to investigate,” he said.
Given Taiwan does not mine such elements itself, it can instead play a role in refining the materials from other countries, Kung added.
“The technology is not an issue; the next step is scaling up,” he said.
Taiwan consumes 1,500 metric tons of rare earth annually, a figure projected to rise to 2,000 metric tons given economic growth, Kung added.
“Our goal is to expand production capacity to meet half of our demand by then, strengthening the supply chain.
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