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Aboul Gheit: Palestine’s Budget Deficit Amounts to $700 Million

Arab League Secretary-General Ahmed Aboul Gheit. Reuters file photo
Arab League Secretary-General Ahmed Aboul Gheit. Reuters file photo
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Aboul Gheit: Palestine’s Budget Deficit Amounts to $700 Million

Arab League Secretary-General Ahmed Aboul Gheit. Reuters file photo
Arab League Secretary-General Ahmed Aboul Gheit. Reuters file photo

Arab League Secretary General Ahmed Aboul Gheit said that Palestine’s budget deficit reached $700 million this year.

His statement came during an emergency meeting of the Arab foreign ministers in Cairo on Sunday.
 
“We are able to support the Palestinians through the financial safety net, or in any form of financial support, including grants or even loans, in order to help them overcome the pressing and dangerous crisis,” he said.
 
In a statement issued at the end of the meeting, the ministers emphasized their commitment to the decisions of the Arab League, with regards to the establishment of a financial safety net to support the budget of the Authority, worth $100 million per month.
 
The finance ministers stressed “Arab support for the political, economic and financial rights of the State of Palestine and the need to ensure its political, economic and financial independence.” They also condemned the “Israeli hijacking of the Palestinian people’s money” and called on the international community to exert pressure on the Israeli government in this regard.
 
The Arab finance ministers proposed to provide soft loans within the safety net through a bilateral agreement with Palestine, and to continue to support infrastructure and development projects through financial aid or soft loans.
 
The final communiqué also called on Arab funds and institutions, as well as Arab banks, to contribute to the financial safety net by providing soft loans to the State of Palestine in direct coordination with the Palestinian competent authorities.
 
Shoukri Beshara, the Palestinian minister of finance and planning, had earlier called on Arab finance ministers to “activate the Arab safety net in accordance with the resolutions of the League of Arab States,” noting that Israeli sanctions put the Palestinian economy at a critical juncture.

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Iraq and Syria Open ‘New Chapter’ in Ties to Confront ‘Common Challenges’

Iraqi Prime Minister Mohammed Shia al-Sudani and Syrian Foreign Minister Asaad al-Shaibani meet in Baghdad on March 14, 2025. (Iraq government media)
Iraqi Prime Minister Mohammed Shia al-Sudani and Syrian Foreign Minister Asaad al-Shaibani meet in Baghdad on March 14, 2025. (Iraq government media)
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Iraq and Syria Open ‘New Chapter’ in Ties to Confront ‘Common Challenges’

Iraqi Prime Minister Mohammed Shia al-Sudani and Syrian Foreign Minister Asaad al-Shaibani meet in Baghdad on March 14, 2025. (Iraq government media)
Iraqi Prime Minister Mohammed Shia al-Sudani and Syrian Foreign Minister Asaad al-Shaibani meet in Baghdad on March 14, 2025. (Iraq government media)

Iraqi Prime Minister Mohammed Shia al-Sudani stressed on Tuesday his country’s support to Syria’s sovereignty and territorial integrity, condemning the Israeli incursion into its land.

Sudani held telephone talks with Syrian interim President Ahmed al-Sharaa, the first between the two leaders since the latter assumed his post in January.

Sudani’s office said he underlined “Iraq’s firm stance in supporting the Syrian people’s choices and the importance that all of Syria’s segments join its political process.”

The process should “ensure peaceful coexistence and security to achieve a secure and stable future for Syria and the whole region,” he added.

He also emphasized the importance of “mutual cooperation in confronting the threat of ISIS,” as well as cooperation in economic fields.

Since the collapse of the Assad regime in Syria in December, Iraqi authorities have imposed strict measures along the border with Syria to bar the infiltration of gunmen and ISIS members.

The Syrian presidency said Sudani and Sharaa discussed bilateral relations between their countries and means to bolster them in various fields. They also underscored the “depth of relations between their people and economy.”

They stressed the importance of opening a new chapter in bilateral ties based on joint cooperation to confront regional challenges and prevent tensions in the region.

They discussed border security and cooperation in combating drug smuggling.

Sharaa said Syria is “committed to developing bilateral relations and respecting Iraq’s sovereignty.” He expressed “keenness on refraining in meddling in its internal affairs, stressing the need for cooperation to confront common challenges and consolidating political ties” between their countries.

Sudani also welcomed the formation of the new Syrian government, which was announced on Saturday.

Forces within Iraq’s ruling pro-Iran Coordination Framework were opposed to establishing relations with the new Syrian authorities, led by Sharaa, that ousted the Assad regime.

An Iraqi source said the talks between Sudani and Sharaa helped “break the ice and tensions after a series of positive measures taken by the Syrian authorities to ease Iraqi concerns.”

Baghdad has been wary of the new authorities and has been hesitant in approaching them due to security concerns and the fears of the possible re-emergence of the ISIS terrorist group in the region.

However, Syrian Foreign Minister Asaad al-Shaibani's visit to Baghdad in March where he met with Sudani helped break the ice.

During the visit, Baghdad urged the new Syrian rulers to “take into consideration Syria’s religious and ethnic diversity and to exert efforts in protecting religious freedoms and fighting terrorism,” revealed a source close to the Iraqi government.

The source told Asharq Al-Awsat that Sudani and Sharaa stressed during their call keenness on developing ties between their countries after Syria’s assurances that it would respect diversity and forge ahead with serious dialogue with various segments.

Prominent Sunni Iraqi politician Khamis al-Khanjar criticized the “voices that have been skeptical and opposed to rapprochement between Iraq and Syria.”

In a statement on Tuesday, he said Sudani and Sharaa’s telephone call should be praised, underlining his support for steps taken by the Iraqi government to be open to the Arab world and reclaim its sovereign voice.