Saudi Arabia transfers $80 million to support Palestinian Authority’s budget

Saudi Arabia’s ambassador to Egypt and permanent representative to the Arab League Osama Nugali said in a press statement issued on Thursday that the Saudi Fund for Development has transferred $80 million to the Palestinian ministry of finance. (Getty Images)
Updated 27 July 2018

Saudi Arabia transfers $80 million to support Palestinian Authority’s budget

JEDDAH: The Saudi Fund for Development has transferred $80 million to the Palestinian Authority as part of the Kingdom’s support for its budget.
Saudi Arabia’s ambassador to Egypt and permanent representative to the Arab League Osama Nugali said in a press statement issued on Thursday that the Saudi Fund for Development has transferred $80 million to the Palestinian ministry of finance.
The amount is Saudi Arabia’s contribution to supporting the Palestinian Authority’s budget for the months of April, May, June and July 2018, at a rate of $20 million per month.
Ambassador Nugali stressed that Saudi Arabia will always support the Palestinian cause on all political, economic and humanitarian levels.


US State Department calls Saudi Arabia ‘important strategic partner’

Updated 25 min 1 sec ago

US State Department calls Saudi Arabia ‘important strategic partner’

WASHINGTON: The US State Department on Monday said Saudi Arabia was an "important strategic partner" and paid tribute to the "historical relations" between the two countries.

More to follow...