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Palestinian Finance Minister warns PA financial situation to be more complicated

The Xinhua news agency reported, Palestinian Finance Minister Shukri Bishara warned on Wednesday, the financial situation of the Palestinian Authority (PA) is likely to get more complicated unless Israel stops holding its tax revenue dues.
"If Israel doesn't release the money that it holds in the coming weeks, the financial situation will witness more complexity," Bishara warned, adding that there is a need to reform the financial relationship with Israel and the clearing mechanism.
He made the remarks in a press statement issued after he met at his office in the West Bank city of Ramallah with representatives of donors, such as the European Union, the World Bank, the International Monetary Fund and the United Nations.

According to the economic agreement signed in Paris between Israel and the Palestinians in 1994, Israel collects taxes from the Palestinian trade on behalf of the PA and pays it back to the Palestinian government.
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Bishara called on the international community to take all necessary diplomatic efforts to urge the Israeli side to respond to the Palestinian demands, noting that the international donations paid to the PA had dropped to 90 percent in 2021.
He said the annual tax revenues that Israel collects from the Palestinian trade on behalf of the Palestinian government and pays it back every month are estimated at more than 1 billion U.S. dollars.
Source: xinhua
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BENEFIT Sponsors BuildHer...
- April 23, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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