Today: 22 August 2025
8 April 2021
1 min read

Palestine hit by Arab funding shortage

“The Arab countries and US haven’t sent any financial aid during 2020 until now”, said Prime Minister Mohammed Ishtaye…reports Asian Lite News

Palestine has not received financial aid from any Arab country for more than one year, Prime Minister Mohammed Ishtaye said.

“Due to lack of Arab funds, the deficiency in the Palestinian budget climbed to $1 billion,” Xinhua news agency quoted Ishtaye as saying at a press conference here on Wednesday.

“The Arab countries haven’t sent any financial aid during 2020 until now. In addition, the US has suspended its financial support, which amounted to $500 million,” he said.

At the conference on the coronavirus crisis in Palestine, Ishtaye said the government is ready for austerity and reducing its running cost.

“This will not be at the expense of the health, the safety and security of the citizen and the education in Palestine,” he said.

The Prime Minister added the economic establishments, whether it is large, medium, or small, have all been affected by the repercussions of coronavirus crisis.

“The unemployment rate in the West Bank rose to 19 per cent, while the situation in the Gaza Strip is much worse,” Ishtaye said.

Also read:Palestine Accuses Israel with Manipulating Elections

Previous Story

850 firms join Made in Saudi initiative

Next Story

Turkey denies snubbing EU chief

Latest from -Top News

US sanctions more ICC judges

Washington hits at The Hague with fresh sanctions on four ICC judges and prosecutors, including French and Canadian officials, over probes targeting Israel and US actions abroad….reports Asian Lite News The United

UAE Wows Osaka!

The UAE Pavilion at Expo 2025 Osaka celebrates its three millionth visitor, blending culture, innovation, and hospitality in an immersive showcase of heritage, sustainability, and forward-looking global vision….reports Asian Lite News The

MBS & Sisi talk ties, Palestine

The two leaders reviewed the historic and strategic relations between Riyadh and Cairo and explored new ways to bolster cooperation…reports Asian Lite News Saudi Crown Prince and Prime Minister HRH Mohammed bin

Dubai’s startup supernova

Marking its 10th year, Expand North Star cements Dubai’s role as a global hub for digital innovation, uniting startups, unicorns, and investors to shape the future economy….reports Asian Lite News Expand North

Qatar: Syria’s stability key to region

Qatar, speaking for the Arab Group at the UN, urged unity and sovereignty for Syria as regional diplomacy, UN warnings, and fragile ceasefires highlight a precarious crossroads….reports Asian Lite News Qatar, speaking
Go toTop

Don't Miss

Lebanon Gears Up For Polls

Lebanese Prime Minister Najib Mikati has urged citizens to vote

ZayedCHF donates Dh14.8 mn to Afghan health sector

The gesture also aims at supporting the health sector in