Abbas seeks urgent aid on Saudi visit - Israel Business, Ynetnews

   Israel News

Israel News
World News
Israel Opinion
Israel Business
Israel Culture
Israel Travel
Palestinian Authority

Mahmoud Abbas Photo: AFP
Mahmoud Abbas Photo: AFP

Abbas seeks urgent aid on Saudi visit

Riyadh official says PA 'will no longer be able to pay wages as Ramadan approaches'

Published: 07.14.12, 08:27 / Israel Business

Palestinian leader Mahmoud Abbas visited Saudi Arabia and met King Abdullah on Friday to seek urgent aid for his administration as the Muslim holy month of Ramadan nears.


The leaders, who met in the Red Sea city of Jeddah, discussed "the financial crisis of the Palestinian Authority (PA) which will no longer be able to pay its employees as Ramadan approaches," the Palestinians' top diplomat in Riyadh said.

Egypt Revolution
Low wages: No wonder Islam won  / Doron Peskin
Lowly army salaries explain Egypt's Islamist rise; junior officers make only $8 a month
Full Story


"President Abbas asked for the help of the Saudi kingdom which he thanked for its continued support to the Palestinians," Jamal Shobaki told AFP.


He said they also discussed the stagnant Israeli-Palestinian peace process and Israel's policy of building Jewish settlements in the West Bank.


The PA's debts have climbed to $1.5 billion, said Shobaki who, citing statistics from prime minister Salam Fayyad's government, estimated $500 million was needed in urgent aid to tackle the current crisis.


The Authority faces its worst financial crisis since it was founded in 1994, Palestinian labor minister Ahmed Majdalani said at the start of July, warning that donor countries were not honoring their pledges.


Arab and other states have pledged around one billion dollars, of which the PA has received only $480 million, according to finance minister Nabil Qassis.



commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Bookmark to

9 Talkbacks for this article    See all talkbacks
Please wait for the talkbacks to load


RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions