Breaking News: Convicted Boston Marathon bomber Tsarnaev will seek a new trial

Saudis giving $200 million to Palestinians

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

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Topics: Salam Fayyad
Latest Headlines
Top Stories
Kim Jong Un had terrapin farm manager executed, says source
More than 80 percent of North Korean defectors are women, says report
Burt's Bees co-founder Burt Shavitz dies at 80
North Korea requests medical aid from U.N. agencies
Encroaching sea levels endanger Pakistan's Indus Delta