December 8, 2021
1 min read

Palestine PM: Algeria grant $100 million to support alliviate financial crisis

Palestinian Prime Minister Mohammed Ishtaye has said that Algeria’s grant of $100 million to support the Palestinian Authority’s budget will help ease the financial crisis it is going through…reports Asian Lite News

In a press statement sent to Xinhua, Ishtaye on Tuesday said that Algeria’s support will alleviate the financial crisis that the Palestinian treasury suffers from Israel’s illegal withholding of the tax revenue dues and the sharp decline in international donations.

He expressed his gratitude to Algeria’s President, government, and people for providing financial support and granting scholarships to Palestinian students in Algerian universities.

Palestine PM: Algeria grant $100 million to support alliviate financial crisis

“We are confident that the Palestinian cause will be a top priority for the upcoming Arab summit in Algeria, which is keen on Palestine and its unity,” said Ishtaye.

Ishtaye called on the Arab countries to provide financial and political support, which the Palestinian people and the authority need to overcome the current difficult situation.

At a joint press conference with visiting Palestinian President Mahmoud Abbas on Monday, Algerian President Abdelmadjid Tebboune said that Algeria decided to grant Palestine a financial contribution of $100 million.

ALSO READ: Algeria to host inclusive meeting for Palestinian factions

Tebboune said that Algeria will soon host an inclusive meeting for all Palestinian factions.

The Palestinian factions expressed their welcome to Tebboune’s initiative for achieving internal Palestinian unity and ending the political and geographical division.

Previous Story

Sharjah Expo Centre receives high-level diplomatic delegation from Kyrgyzstan

Next Story

Meta launches new office for Indian entrepreneurs

Latest from Arab News

Trump meets Syria’s Ahmed al-Sharaa in Riyadh

US Secretary of State Marco Rubio and other top officials were also present during the meeting….reports Asian Lite News US President Donald Trump met with Syria’s interim leader, Ahmed al-Sharaa, in Riyadh

Trump Begins Mideast Tour

The trip comes at a crucial time as US–Iran concluded the fourth round of indirect nuclear talks in Oman on Sunday….reports Asian Lite News U.S. President Donald Trump arrived in Saudi Arabia

‘Dying of thirst’

Palestine Water Authority says Gaza is “dying of thirst” as water systems collapse. Gazans also reject U.S.-Israeli aid distribution plan, call for enhanced UN role The Palestinian Water Authority (PWA) warned that

Rajasthan Returns to Dubai

This year, the Rajasthan Tourism Board set up their stand at ATM Dubai stage 2025—its first appearance in 15+ years. Under the stewardship of Additional Director Mr. Anand Tripathi, Department of Tourism,

Macron backs Syria sanctions shift 

 Diplomatic outreach, sanctions, reconstruction, and sectarian unrest shape Syria’s complex new chapter.  In a landmark visit signalling Syria’s first re-engagement with a European capital in over a decade, French President Emmanuel Macron
Go toTop

Don't Miss

UAE producing oil close to its capacity: Minister

The UAE is producing near to our maximum production capacity

Israel to hold fifth general election in 3 years after coalition collapses

Bennett and his main coalition partner Alternate Prime Minister Yair