Saudi Arabia Supports Palestine with $30mn Package
Saudi Arabia on Thursday delivered a $30 million installment to Palestine, as part of the Kingdom's ongoing financial support to the State of Palestine for the year 2025, reported the Saudi Press Agency (SPA).
The Palestinian Minister of Finance, Omar Al-Bitar, received the installment at the Saudi Embassy in Amman, during a meeting with the Acting Chargé d'Affaires at the Saudi Embassy in Jordan, Mohammed bin Hassan Mounis.
On this occasion, Al-Bitar hailed Saudi Arabia's continued financial and political support for Palestine, stressing its pivotal role in mitigating the financial crisis facing Palestine as a result of the recent Israeli policies.
Furthermore, the Palestinian Minister expressed appreciation to Saudi Arabia for its steadfast historic position on Palestine, and its support for Palestine's legitimate rights, including the establishment of an independent Palestine state.
Al-Bitar also conveyed the greetings of the Palestinian President, Mahmoud Abbas, and Prime Minister, Muhammad Mustafa, to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, for their continued political, economic and humanitarian support.
On his part, Mounis said that this installment underscores Saudi Arabia's commitment to supporting the Palestinian government and enabling it to meet its financial obligations. He also highlighted the significance of this financial support in strengthening the resilience of the Palestinian people and alleviating their suffering in the face of economic and humanitarian challenges.
Moreover, Mounis noted that Saudi Arabia's aid to Palestine has amounted to $5.3 billion over the past years, including humanitarian, relief and development aid. This support stresses the Kingdom's steadfast commitment to upholding the rights of the Palestinian people.
Short link :
Post Views: 8
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
7 hours ago
- Saudi Gazette
Al-Jadaan underscores AIIB to enhance support for low-income countries
Saudi Gazette report BEIJING — Saudi Minister of Finance Mohammed Al-Jadaan emphasized the importance of the Asian Infrastructure Investment Bank (AIIB) enhancing its support for low-income countries. 'The special funds provided by the bank are effective resources that can help bridge financing gaps and engage all members in the development process without exception,' he said while addressing the 10th annual meeting of the AIIB board of governors, held in Beijing, China on June 24-26. During his participation in the governors' roundtable, the minister emphasized the importance of the AIIB's efforts to intensify its cooperation with other development banks and to attract private capital. He noted that private-sector participation in cross-border interconnection projects does not exceed 22 percent, reflecting the limited scope of public-private partnerships despite infrastructure development being a fundamental pillar of global economic growth. Al-Jadaan explained that the bank has an opportunity to adopt innovative solutions to overcome such challenges. 'Opportunities include dynamic risk distribution, the application of integrated financing mechanisms, and the creation of payment channels supported by blockchain technology,' he said. The minister stressed the need to increase AIIB's investments in emerging energy technologies. 'The bank has demonstrated an awareness of the importance of the energy sector, but we need to go further. Technologies such as carbon capture, utilization, and storage (CCUS) are essential to achieving energy security,' he said.
Leaders
9 hours ago
- Leaders
AlUla Strengthens Cooperation with Equestrian Authority
The Royal Commission for AlUla has signed an agreement with the Equestrian Authority to elevate AlUla's equestrian sector, according to the Saudi Press Agency. The memorandum of understanding seeks to strengthen AlUla's position as a pioneering hub for equestrian excellence and prestigious events and activities related to equestrianism. By signing this deal with the Equestrian Authority, the commission is establishing AlUla as a role model of innovation in the equestrian field across the Kingdom and on an international level. Through training programs and joint workshops, the agreement will provide AlUla's youth with the required skills to foster this promising sector including stable management and athlete preparation. Moreover, AlUla will have access to international expertise in critical areas such as horse health, facility management, and athlete development In line with the Saudi Vision 2030, the deal focuses on empowering the local community and achieving AlUla's economic development priorities. Related Topics: Ramzy Al-Duhami: Olympic Equestrian Representing Saudi Arabia at FEI World Cup Riyadh Reigns Supreme in Global Equestrian Arena Saudi Equestrian Khaled Al-Mubti Participates in Paris 2024 Olympic Games Short link : Post Views: 17 Related Stories
Leaders
9 hours ago
- Leaders
Spanish PM Urges EU to Suspend Cooperation Deal with Israel
Spanish Prime Minister Pedro Sanchez said on Thursday that Gaza was in a 'catastrophic situation of genocide' before an EU summit in Brussels, urging for suspending deals with Israel, according to AFP. Call for Suspending Deal with Israel Sanchez called on the European Union to immediately suspend its cooperation deal with Israel. These remarks represent Sanchez's strongest condemnation to date after a lot of critical statements against Israel and its genocide in Gaza. The Spanish PM shed light on a recent human rights report by the EU's diplomatic service which tackled 'the catastrophic situation of genocide unfolding in Gaza.' Importantly, the report mentioned 'indications' that Israel was breaching its human rights obligations under the deal, which forms the basis for trade ties. Sanchez said it was 'more than obvious' that Israel was violating its obligations and that the bloc should suspend the cooperation deal 'immediately.' Furthermore, the report tackled Israel's blockade of humanitarian aid, the high number of civilian casualties, attacks on journalists and the massive displacement and destruction caused by the war. Sanchez added that 'it makes no sense' that the bloc has imposed 18 rounds of sanctions on Russia for its invasion of Ukraine but, 'in a double standard, is not even capable of suspending an association deal.' Call for Exclusion from Eurovision In May, Sanchez said that the Eurovision song contest should exclude Israel over its war in Gaza. He also expressed solidarity with 'the people of Palestine who are experiencing the injustice of war and bombardment.' Russians have not been allowed to take part in the competition because of Russia's invasion on Ukraine. 'Therefore, Israel shouldn't either, because what we cannot allow is double standards in culture,' Sanchez said at an event in Madrid. During his speech, the Spanish PM stressed Spain's commitment to applying the international law and human rights nothing that 'Europe's should be too.' Calling Israel a 'Genocidal State' Sanchez previously called Israel a 'genocidal state' during his speech in the Spanish parliament on Wednesday, stating that Madrid 'does not do business' with such a country. The PM's remarks came as a response to a provocative comment from an anti-Israel member of parliament who condemned Spain's trade relations with what he called the 'genocide state' of Israel. Sanchez's comments sparked anger in Israel, prompting Israel's Foreign Ministry to summon the Spanish Ambassador, Ana Salomon, for a formal reprimand in Jerusalem. 'Following the severe remarks made by Spanish Prime Minister Pedro Sanchez, the Spanish ambassador to Israel has been summoned for a reprimand meeting at the Foreign Ministry in Jerusalem tomorrow,' the Foreign Ministry said in a statement. Related Topics: Spain Cancels Purchase of Israeli Weapons after Internal Pressure Spain Ravaged by Deadliest Floods in Decades Ireland, Spain, Norway to Recognize Palestinian State Short link : Post Views: 18
