Israel sends Palestinians over $1 billion in withheld funds | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN
- Date: 03-Dec-2020
- Source: The Daily Tribune - News of Bahrain
- Sector:Financial Markets
- Country:Middle East
Israel sends Palestinians over $1 billion in withheld funds | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN
AFP | Ramallah
The Daily Tribune – www.newsofbahrain.com
Israel has released more than $1 billion in funds withheld from the Palestinian Authority, a Palestinian minister said Wednesday, two weeks after coordination between the sides was renewed. "The #Israeli government transfers all financial dues of the clearance to the account of the #Palestinian Authority, amounting to three billion and 768 million shekels," civil affairs minister Hussein Al Sheikh wrote on Twitter.
He was referring to taxes, including customs duties, that the Jewish state collects on behalf of the PA.
In May, the Palestinians stopped coordination with Israel, with PA leader Mahmud Abbas saying it was in response to Israeli plans to annex parts of the West Bank.
Israel later put its annexation plans on hold, in return for an agreement to normalise ties with the UAE, announced in August.
In halting the cooperation