Norway foreign minister: USD 5.4B pledged for Gaza

Image
AP Cairo
Last Updated : Oct 12 2014 | 11:45 PM IST
A donor conference in Cairo to raise money to rebuild the Gaza Strip after this year's war between Hamas and Israel ended with pledges of USD 5.4 billion for reconstruction there, Norway's foreign minister said today.
Egyptian state television quoted Norwegian Foreign Minister Borge Brende as offering the figure at the end of Sunday's one-day conference.
That's far beyond the USD 4 billion initially sought by Palestinian President Mahmoud Abbas.
Qatar pledged USD 1 billion toward the reconstruction, once again using its vast wealth to reinforce its role as a regional player as Gulf Arab rival the United Arab Emirates promised USD 200 million.
The pledges followed US Secretary of State John Kerry earlier announcing immediate American assistance of USD 212 million.
The European Union pledged USD 568 million, while Turkey, which has been playing a growing role in the Middle East in recent years, said it was donating USD 200 million.
Delegates representing some 50 nations and 20 regional and international organizations applauded the pledge by Qatar, a tiny but energy-rich Gulf Arab nation at odds with its larger neighbors, like the Emirates.
The Emirates, like regional heavyweight Saudi Arabia, alleges that Qatar uses its massive wealth to undermine regional stability, primarily through meddling in other nations' affairs and aiding militant Islamic groups like Gaza's Hamas and the Muslim Brotherhood, the Arab world's oldest Islamist group with branches across much of the region.
Qatari Foreign Minister Khalid bin Mohammed al-Attiyah, in announcing his country's pledge, denounced the "international silence" that surrounded Gaza's destruction.
"While the Palestinian people need financial support, they need more political support from the international community," he said.
"A just peace is the only real guarantee for not destroying what we are about to rebuild and reconstruct.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 12 2014 | 11:45 PM IST

Next Story