facebook
twitter
rss
account
search
search
X
Breaking News: Protesters march on Pakistan PM Nawaz's house
 

Saudis giving $200 million to Palestinians

Sept. 20, 2011 at 9:28 AM   |   Comments

| License Photo
RAMALLAH, West Bank, Sept. 20 (UPI) -- Saudi Arabia will give the Palestinian Authority $200 million to solve a financial crisis that threatens to leave thousands of employees without pay.

Prime Minister Salam Fayyad said the aid was approved ahead of the Palestinian effort to win statehood recognition at the United Nations, Gulf News reported Tuesday.

The effort has prompted the United States to consider cutting off financial aid to the Palestinian Authority if the leadership proceeds with its statehood initiative.

In addition, Israel has threatened to suspend the transfer of tax revenues collected on behalf of the Palestinians.

"We are happy with the Saudi announcement of the money transfer," said Sameer al-Hourani, a Palestinian employee. "The Palestinians were just right to depend on their Arab brothers."

Topics: Salam Fayyad
© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
St. Paul police arrest a black man for sitting on a bench waiting for his children
2
Ukrainian cargo plane crashes in Algeria killing seven
3
'Old Ironsides' sails across Boston Harbor before 3-year-rehab
4
Video: Free Syrian Army unleashes 'Hell Cannon' in fight against Assad
5
Boy being treated for brain tumor taken from hospital
Trending News
Video
x
Feedback