Saturday, Aug. 29
Latest News
  1. US to Iran: Release Hekmati from 'unjust detention'
  2. Pentagon: Militant hacker killed in US air strike was recruite
  3. UN: Satellite images confirm Palmyra temple destruction
  4. UN envoy urges speedy Libya talks to curb migrant crisis
  5. Four arrested over Austria truck tragedy
  6. Turkey PM forms interim government including pro-Kurdish party
  7. Amnesty accuses UAE of torturing Libyan-Canadian
  8. Qatar Airways 'shamed' into action over pregnancy, marriage
  9. Iran premieres big-budget epic film 'Muhammad'
  10. Tel Aviv's 'Iranian embassy' turns out to be atomic hoax
  11. Iraq PM orders forces to prepare to open Green Zone
  12. Officer: Yemen army recruits 4,800 southern fighters
  13. Monitor: Qaeda-led forces advance on Syria airbase
  14. 71 migrants perish in Austria truck tragedy
  15. German court says ban on rallies in Heidenau 'illegal'
  16. Brazil enters recession in second quarter
  17. State news: Greek snap election set for September 20
  18. Aid workers: Toll in Libya migrant shipwreck rises to 76
  19. IS kills two generals in Iraq, advances in Syria
  20. Qatar Airways 'shamed' into action over pregnancy, marriage

PA hopes December summits will activate 'safety net'

Jan. 9, 2013 6:20 P.M. (Updated: Jan. 16, 2013 1:31 P.M.)
BETHLEHEM (Ma'an) -- The Palestinian Authority hopes two regional meetings this month will see the promised Arab "safety-net" payments activated, a minister said Tuesday.

The government will again ask for the $100 million-monthly pledge to be implemented, as Arab foreign ministers meeting in Cairo on Sunday and Saudi Arabia hosts a socioeconomic summit on Jan. 21, labor minister Ahmad Majdalani said.

Since early December, Israel has withheld around $100 million in monthly tax revenue it collects on behalf of the PA as punishment for the UN's acceptance of Palestine as a non-member state.

The Arab League states have agreed to cover the lost revenues, but have yet to deliver. Majdalani said Algeria had agreed to transfer $26 million, but it had not yet arrived in the Palestinian coffers.

The funding crisis has compounded a general drop off in donor funds during 2012. Public sector workers are striking this week and the next over delays in salary payments.

Majdalani said the government will not be able to borrow from the banks this month as they have exceeded agreed limits.

The banks lent to the Palestinian Authority in December based on a letter of guarantee from Arab League chief Nabil al-Arabi, and are still waiting for repayments, he said.
Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2015