$ 100 m Saudi aid hailed by Palestinian PM

Updated 16 July 2012

$ 100 m Saudi aid hailed by Palestinian PM

Palestinian Prime Minister Salam Fayyad yesterday hailed an emergency $ 100 million donation received from Saudi Arabia after Palestinian President Mahmud Abbas visited the Kingdom recently.
“Prime Minister Salam Fayyad and the Palestinian people thank Custodian of the Two Holy Mosques King Abdullah after he instructed the Saudi Finance Ministry to transfer $ 100 million to the Palestinian Authority treasury at the request of President Mahmud Abbas,” Fayyad’s office said, according to an AFP report. The money, the office added, would “support the Palestinian Authority and assist them in overcoming the financial crisis they are suffering from.”
Abbas on Friday had asked King Abdullah for emergency financial assistance for his West Bank Palestinian Authority government, which is facing a shortfall that officials have said is the worst in the government’s history. On Friday, the top Palestinian diplomat in Riyadh, Jamal Shobaki, told AFP that the PA’s debts stood at $ 1.5 billion.
Citing statistics from Fayyad’s government, Shobaki said an estimated $ 500 million was needed in urgent aid to tackle the current crisis, which has left the government unable to meet payroll for its employees.
"This $100 million is important and significant because it's coming from a leading Arab state, and this hopefully can be an example for other countries to follow," Ghassan Khatib, a Palestinian government spokesman, told Reuters.
With the Kingdom’s aid offer, Palestinians may hope for an end to the shortfall in pledges by traditional Arab benefactors.
"This generosity added to the track record of financial and political support by the Kingdom," the Palestinian prime minister added.
"This support will have a deep impact in deepening the steadfastness of the Palestinian people," he said.


Dawn of a new leader, Kuwait’s new emir sworn in and pledges to do his ‘utmost best’

Updated 25 sec ago

Dawn of a new leader, Kuwait’s new emir sworn in and pledges to do his ‘utmost best’

  • The new Emir said the country’s constitution ensured a “smooth transition” of leadership
  • He succeeds his brother Sheikh Sabah Al-Ahmad Al-Sabah who ruled Kuwait since 2006

DUBAI: Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabeh has been sworn in as the new Kuwait Emir on Wednesday, vowing to carry out his responsibilities to his utmost best, state news agency KUNA has reported.
Al-Sabah said the country’s constitution ensured a “smooth transition” of leadership, as the country mourned the death of his brother Sheikh Sabah Al-Ahmad Al-Sabah who ruled Kuwait since 2006.
“The trust bestowed upon me by the Kuwaiti people is a trust I bear in my neck,” the new Emir said.

(AFP)

“Kuwait has been subjected, throughout its long history, to serious and harsh challenges that we managed to overcome through cooperation,” he added.

Al-Sabah paid tribute to the previous leadership and said “Sheikh Sabah’s policy will remain a highlight for us.”
The Speaker of the Kuwaiti National Assembly Marzouq Al-Ghanim also spoke at the ceremony.
“We are confident that Sheikh Nawaf Al-Ahmad Al-Sabah will lead Kuwait to prosperity,” he said.

His appointment was immediately welcomed by Saudi Arabia’s King Salman, who said that his country and Kuwait have always had strong bonds throughout the years.

Other Arab leaders - Egyptian President Abdel Fattah El-Sisi and Iraq’s Bahram Salih, Bahrain's King Hamad bin Isa, and Oman's Sultan Haitham bin Tariq - also congratulated the Sheikh Nawaf on his new role.