Palestinians Declare ‘Jerusalem Not for Sale’ against Trump Threat to Cut Aid

US President Donald Trump. (AP)
US President Donald Trump. (AP)
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Palestinians Declare ‘Jerusalem Not for Sale’ against Trump Threat to Cut Aid

US President Donald Trump. (AP)
US President Donald Trump. (AP)

US President Donald Trump threatened on Tuesday to halt annual aid of more than $300 million to force them to the negotiating table.

Palestinians slammed the announcement, with President Mahmoud Abbas’ office declaring that Jerusalem was “not for sale.”

"Jerusalem is the eternal capital of the state of Palestine and it is not for sale for gold or billions," Abbas spokesman Nabil Abu Rudeina told AFP, referring to Trump's recognition of Jerusalem as Israel's capital.

The December 6 declaration led Abbas to say the United States could no longer play any role in the Middle East peace process.

"We are not against going back to negotiations, but (these should be) based on international laws and resolutions that have recognized an independent Palestinian state with east Jerusalem as its capital," Abu Rudeina said.

Trump made the funding threat in a tweet on Tuesday, saying: "We pay the Palestinians HUNDRED OF MILLIONS OF DOLLARS a year and get no appreciation or respect."

"With the Palestinians no longer willing to talk peace, why should we make any of these massive future payments to them?"

Hanan Ashrawi, a member of the Palestine Liberation Organization's executive committee, said in response: "We will not be blackmailed."

“Trump ruined our pursuit of peace, freedom and justice and now blames the Palestinians for the consequences of his reckless actions,” she added.

It was not immediately clear whether Trump was threatening all of the budget, worth $319 million in 2016, according to US government figures.

The United States has long provided the Palestinian Authority with much-needed budgetary support and security assistance, as well as an additional $304 million for UN programs in the West Bank and Gaza.



Gulf Stock Markets Slip Amid Escalating Iran-Israel Conflict and Fed Policy Uncertainty

Traders monitor stock information displayed on screens at the Qatar Stock Exchange. (Reuters)
Traders monitor stock information displayed on screens at the Qatar Stock Exchange. (Reuters)
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Gulf Stock Markets Slip Amid Escalating Iran-Israel Conflict and Fed Policy Uncertainty

Traders monitor stock information displayed on screens at the Qatar Stock Exchange. (Reuters)
Traders monitor stock information displayed on screens at the Qatar Stock Exchange. (Reuters)

Major stock markets across the Gulf declined on Tuesday, as heightened geopolitical tensions between Iran and Israel weighed on investor sentiment and fueled concerns over regional stability. Investors also remained on edge ahead of a key interest rate decision by the US Federal Reserve.

Reports from Iranian state media described a series of explosions and intense anti-aircraft fire lighting up the skies over Tehran. Simultaneously, air raid sirens sounded in Tel Aviv following a barrage of Iranian missile launches.

Amid the growing tensions, US President Donald Trump, speaking after departing early from the G7 summit in Canada, urged civilians to evacuate the Iranian capital.

At the same time, markets are closely watching developments in Washington, where the Federal Reserve is set to begin a two-day policy meeting. The central bank is widely expected to keep interest rates unchanged, but investors are eagerly awaiting signals from Chair Jerome Powell on the future path of monetary policy, particularly any indications of upcoming rate cuts to support a slowing global economy.

Against this backdrop, Gulf equity markets ended the day mixed. Saudi Arabia’s benchmark Tadawul All Share Index slipped 0.41%, while the Abu Dhabi Securities Exchange lost 0.51%. Dubai’s main index was down 0.64%.

Other markets followed suit. Qatar’s index dropped 0.51%, Muscat’s bourse fell 0.33%, and Egypt’s EGX 30 posted the largest regional decline, falling 1.02% amid heightened investor anxiety.

However, a few markets bucked the trend. Kuwait’s exchange rose 0.65%, while Bahrain’s index gained 0.30%, supported by selective buying and relative insulation from the geopolitical fallout.