BREAKING NEWS

Report: S. Arabia transfers $100m. to PA to avert crisis

By JPOST.COM STAFF

JULY 15, 2012 17:43

Saudi Arabia transferred $100 million to the Palestinian Authority on Sunday in a bid to alleviate the West Bank governing authority's severe financial crisis, Palestinian News and Information Agency (WAFA) reported.

PA President Mahmoud Abbas and Prime Minister Salam Fayyad thanks Riyadh for their donation. The money transfer came after Abbas met with Saudi Arabia’s King Abdullah on Friday and urged him to help solve the crisis. According to chief Palestinian negotiator Saeb Erekat, the crisis is the worst since the establishment of the PA nearly 20 years ago.

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