KSA raises financial aid to Palestine

KSA raises financial aid to Palestine
Updated 30 July 2015

KSA raises financial aid to Palestine

KSA raises financial aid to Palestine

RI YADH: The Kingdom has decided to increase the financial aid to Palestine by raising its monthly aid to the Palestinian Authority’s budget from $14 million to $20 million.
The substantial increase brings Saudi Arabia’s yearly aid for Palestine to $240 million, thus matching the United Kingdom’s annual budget aid for the Palestinian Authority.
“The Saudi Fund for Development has transferred a total of $60 million to the Palestinian finance ministry,” Saudi Ambassador to Egypt Ahmed Abdulaziz Qattan was quoted as saying in a statement released by the Saudi embassy media office on Monday.
“This is equivalent to the Kingdom’s monthly contributions to support the Palestinian National Authority’s budget for the three months from April to June,” Qattan, who is also the Kingdom’s permanent representative to the Arab League, said.
Moreover, he said, the Kingdom will always support the “Palestinian cause” at all levels, adding that it has been planning to increase its stake in the budget since 2013.
The total Palestinian budget for 2014 was estimated at $4.21 billion with a $1.25 billion deficit, when the $350 million deficit in development budget is added, the total budgetary deficit reaches $1.6 billion.
The Palestinian government received approximately $243 million in financial aid over the first four months of 2014 compared to $1.49 billion over the same period in 2013.
The Palestinian Authority has repeatedly called on the supporting nations for donations in recent years.


Saudi Arabia to reopen its embassy in Doha, says Saudi FM

Saudi Arabia to reopen its embassy in Doha, says Saudi FM
Updated 16 January 2021

Saudi Arabia to reopen its embassy in Doha, says Saudi FM

Saudi Arabia to reopen its embassy in Doha, says Saudi FM
  • The Saudi minister repeated the need to reach a comprehensive solution to the Palestinian conflict
  • The Jordanian minister condemned the Houthi militia’s attempts to attack Saudi Arabia

DUBAI: Saudi Arabia will open its embassy in Doha within days, after completing the necessary procedures, Saudi Foreign Minister Prince Faisal bin Farhan said in a joint press conference on Saturday with his Jordanian counterpart Ayman Safadi in Riyadh.
His comments follow the Crown Prince Mohammed bin Salman signing of the Jan. 5 Al Ula agreement, which saw the reopening of the borders between Qatar and Saudi Arabia..
The Saudi minister repeated the need to reach a comprehensive solution to the Palestinian conflict.
From his side, Safadi said the relationship with Saudi Arabia was historical and strategic, adding that Jordan appreciated the Kingdom’s continued support to the country in facing economic challenges.
The minister also condemned the Houthi militia’s attempts to attack Saudi Arabia, and he said he rejected Iran's interference in the region’s affairs.
He added that Jordan agreed with Saudi Arabia in promoting joint action to face current challenges.
“We are working to develop our relationship with the GCC on the security, political and economic levels,” Jordanian Foreign Minister Safadi said.
He added that peace was an Arab strategic choice, and said that Jordan looked forward to working with the new US administration.