PA President Abbas and Saudi King Abdullah 370 (R).
(photo credit: REUTERS/Handout)
Saudi Arabia has decided to channel $100 million to the Palestinian Authority,
which is facing a severe financial crisis, the PA announced on
PA President Mahmoud Abbas received a phone call from the
Saudi finance minister, who informed him that the Saudi monarch has decided to
channel the funds.
Abbas thanked the Saudi king for his decision, noting
that the PA was suffering from a severe crisis, according to a PA official in
The Saudi decision came following repeated appeals by the PA
leadership to help the Palestinians financially in wake of Israel’s decision to
seize tax revenues belonging to the PA. The confiscated funds have been used to
pay Palestinians’ debts to the Israel Electric Corporation.
had accused the Arab countries of failing to fulfill their promise to give the
Palestinians $100m. each month in compensation in the aftermath of the UN
General Assembly’s vote in favor of upgrading the Palestinians’
The transfer of the Saudi funds will prevent a general strike
called by PA public servants who have not received full salaries for the past
Meanwhile, Fatah and Hamas representatives are set to resume
reconciliation talks in Cairo on Thursday.
Leaders of the rival parties
will discuss ways of implementing previous reconciliation deals, Hamas and Fatah
The talks are being held under the auspices of the
The Fatah team would be headed by Azzam al-Ahmed,
while Musa Abu Marzouk will lead the Hamas delegation.