'In U.N. week, Saudi to ease Palestinian crisis with $200 million payout'

from alarabiya.........

"Saudi Arabia will pay $200 million to the Palestinian Authority, the official Palestinian news agency said on Monday, funds that will ease a financial crisis faced by the authority as it prepares to apply for full U.N. membership this week.

A shortfall in funding from Arab states including Saudi Arabia had been identified as the cause of the crisis which has highlighted the authority’s vulnerability as President Mahmoud Abbas prepares to press the Palestinians’ statehood agenda at the U.N. General Assembly meeting in New York"...........READ MORE