First Independent Mena Newspaper
US House lawmakers have blocked a $450 million emergency aid the Obama administration was planning to give to the new government of President Mohammed Morsi, facing unprecedented economic crisis, with an estimated budget deficit of $12 billion. Republican Rep. Kay Granger of Texas, chairwoman of the Appropriations subcommittee on foreign operations, says “I am not […]
Palestinian president Mahmoud Abbas has asked UN to grant Palestinians the status of “non-member observer state”, stressing that a “Palestinian state must be realized” One year after his bid for full membership of the United Nations failed because of a lack of support in the Security Council, Mr. Abbas returned to the UN General Assembly. […]
The World Bank has warned that the fiscal crisis in the Palestinian territories is deepening, urged donors to take urgent action to face up the situation and called for lifting the barriers preventing the private sector development. In a report on Palestinian economy monitoring released Wednesday, the international financial institution underscores the key role a […]