Palestinian police stand in front of a banner announcing the unveiling of a large symbolic United Nations seat in central Ramallah, West Bank, September 20, 2011. Palestinian President Mahmoud Abbas will address the United Nations on Friday, September 23, 2011, in a bid for Palestine to attain the status of a full member state in the UN. UPI/Debbie Hill | License Photo
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."