The Palestinian finance minister says his self-rule government is facing its worst financial crisis in years because donor countries have paid only $466 million of $1.2 billion promised this year. The Palestinian Authority, which administers 38 percent of the Israeli-occupied West Bank, depends on foreign funding, in part because of Israeli restrictions and a bloated public payroll. Finance Minister Nabil Qassis said Wednesday that Arab countries have not kept promises, including Saudi Arabia, which pledged $95 million. Palestinian President Mahmoud Abbas visits Saudi Arabia this week. Qassis says the U.S. failed to transfer $200 million expected in June. The crunch means civil servants, the largest group of workers, get only partial salaries this month. The Palestinian Authority owes hundreds of millions of dollars to the private sector and to banks. From DailyStar
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor