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Arabs pledge nearly 700 million dollars to Palestinians
Arab states had pledged nearly $ 700 million to support the Palestinian resistance against Israeli occupation by the end of a meeting of Arab finance ministers in Cairo on Thursday, participating countries said.
Arab states had pledged nearly $ 700 million to support the Palestinian resistance against Israeli occupation by the end of a meeting of Arab finance ministers in Cairo on Thursday, participating countries said.
An Arab Summit on October 22 decided to set up two funds worth $ 1 billion to help the Palestinians cope with the economic repercussions of eight weeks of Israeli-Palestinians clashes. Officials said that so far Saudi Arabia has offered $ 250 million, Kuwait and the United Arab Emirates 150 million each, Qatar 50 million, Algeria and Egypt 30 million, Oman and Yemen 10 million each, Syria seven million, Jordan two million and Sudan one million.
All amounts except those pledged by Saudi Arabia and Kuwait were promised at the gathering of finance ministers to discuss ways to implement the Arab Summit's decision.
Palestinian Finance Minister Zohdi al-Nashashibi said that the Palestinians urgently need an estimated $ 245 million to be able to survive the serious economic crisis created by Israel's siege on the Palestinian territories. Of that amount, $ 60 million were needed to pay outstanding wages, 60 million to help those who have lost their jobs, 65 million to help create new job opportunities for them, 40 million for urgent health and education spending and 20 million to families whose houses have been detroyed in Israeli raids. Bureau Report
An Arab Summit on October 22 decided to set up two funds worth $ 1 billion to help the Palestinians cope with the economic repercussions of eight weeks of Israeli-Palestinians clashes. Officials said that so far Saudi Arabia has offered $ 250 million, Kuwait and the United Arab Emirates 150 million each, Qatar 50 million, Algeria and Egypt 30 million, Oman and Yemen 10 million each, Syria seven million, Jordan two million and Sudan one million.
All amounts except those pledged by Saudi Arabia and Kuwait were promised at the gathering of finance ministers to discuss ways to implement the Arab Summit's decision.
Palestinian Finance Minister Zohdi al-Nashashibi said that the Palestinians urgently need an estimated $ 245 million to be able to survive the serious economic crisis created by Israel's siege on the Palestinian territories. Of that amount, $ 60 million were needed to pay outstanding wages, 60 million to help those who have lost their jobs, 65 million to help create new job opportunities for them, 40 million for urgent health and education spending and 20 million to families whose houses have been detroyed in Israeli raids. Bureau Report