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Saudis giving $200 million to Palestinians

Saudis giving $200 million to Palestinians
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

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.

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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."

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