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December 9, 2012 7:27 pm

Arab States Pledge $100m Monthly to Palestinian Authority

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Palestinian Authority President Abbas. Photo: Olivier Pacteau.

Ynet – Arab states agreed to provide the Palestinian Authority with a $100 million monthly “financial safety net” to help President Mahmoud Abbas‘s government cope with an economic crisis after the United Nations granted de facto statehood to Palestine.

Israel has responded to the Nov. 29 UN vote by ordering 3,000Jewish settler homes be built in the West Bank and announced it would hold back payments of customs duties it collects on behalf of the Palestinians to pay an outstanding electricity bill.

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