-
ALSO READ
US was never fair mediator in Israeli-Palestinian conflict: Palestine
Israel vows to block Palestinian bid to become full UN member
Qatari cash reaches Gaza in campaign to ease tensions
Abbas stresses need to implement decisions against Israel, US
Top Palestinian body backs suspension of Israel recognition, security coordination
-
The Arab League has pledged to pay USD 100 million a month to the Palestinian Authority to plug the gap left when Israel blocked tax transfers earlier in the year.
"We confirm that Arab countries will support the Palestinian state's budget... (to) resist the political and financial pressure it faces," the League said Sunday following a meeting in Cairo.
Israel collects taxes on behalf of the PA, but withheld USD 138 million in transfers in February over Palestinian payments to political prisoners jailed for attacks against Israelis.
The Arab League's move comes as the Trump administration prepares to unveil a much-touted "Deal of the Century" for peace between the Palestinians and Israel in the coming months.
The Palestinian leadership, which has boycotted Washington over a series of moves including recognising the bitterly disputed city of Jerusalem as capital of Israel, says it can no longer trust the United States as a broker.
The Arab League said the deal "will not succeed in achieving long-lasting and comprehensive peace in the Middle East".
The peace plan is being developed by Trump's son-in-law Jared Kushner, whose close ties to right-wing Israeli Prime Minister Benjamin Netanyahu have heightened Palestinian suspicions.
Israel seized the West Bank, Gaza Strip and east Jerusalem in the 1967 Arab-Israeli war.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU