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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
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Ramallah Hosts Palestinian-US Economic Dialogue

Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo
Activists wave a Palestinian flag outside the White House during a memorial for Palestinians who have died during the past year of Israeli-Palestinian violence, in Washington, US, June 5, 2021. REUTERS/Erin Scott/File Photo

The Palestinian and US governments on Sunday announced the start of the US-Palestinian Economic Dialogue (USPED) to discuss current and future areas of economic cooperation.

The dialogue is scheduled to kick off on Monday. It is the fourth organized by the two sides since 2004 and the second under the current US administration.

USPED was interrupted under the Trump administration and then resumed in 2021 for the first time in five years.

A joint statement by the Palestinian and US governments said the economic dialogue is launched in light of US President Joe Biden’s commitment to achieving a two-state solution, including the existence of an independent, sovereign, and geographically connected state of Palestine, with freedom, security and prosperity for all.

USPED sessions will be chaired by Minister of National Economy Khaled al-Osaily on the Palestinian side, and Principal Deputy Assistant Secretary for the Bureau of Economic and Business Affairs at the State Department, Whitney Baird on the US side.

This senior-level dialogue will also bring together a wide range of agencies and ministries from the two governments.

Participants will discuss several crucial issues to advance the economic prosperity of the Palestinian people, increase the dynamism of the productive sectors, especially trade, industry, renewable energy, and financial issues.

They will also review the implementation of previous discussed key topics, including infrastructure development, access to US markets, US regulations, free trade, financial issues, renewable energy and environmental initiatives, connecting Palestinian and American businesses, and addressing obstacles to Palestinian economic development.

This year, the Palestinian government is going through its worst financial crisis since the establishment of the Palestinian Authority due to precipitous decline in foreign aid, Israel’s ongoing deduction of tax revenues, and the repercussions of confronting the COVID-19 pandemic.

In April 2021, Washington announced the Biden Administration's plan to resume various forms of aid to the Palestinians.

The administration provided more than $890 million in aid to the Palestinian people, including humanitarian aid and through UNRWA support.

As for the volume of trade exchange between Palestine and the US, it amounts to about $100 million.

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Hamas Expects 'Real Progress' in Cairo Talks to End Gaza War

Palestinians make their way with belongings as they flee areas in the eastern part of Gaza City, after the Israeli army issued evacuation orders, in Gaza City, April 11, 2025. (Reuters)
Palestinians make their way with belongings as they flee areas in the eastern part of Gaza City, after the Israeli army issued evacuation orders, in Gaza City, April 11, 2025. (Reuters)
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Hamas Expects 'Real Progress' in Cairo Talks to End Gaza War

Palestinians make their way with belongings as they flee areas in the eastern part of Gaza City, after the Israeli army issued evacuation orders, in Gaza City, April 11, 2025. (Reuters)
Palestinians make their way with belongings as they flee areas in the eastern part of Gaza City, after the Israeli army issued evacuation orders, in Gaza City, April 11, 2025. (Reuters)

Hamas expects "real progress" towards a ceasefire deal to end the war in Gaza, an official said, as senior leaders from the Palestinian movement hold talks with Egyptian mediators in Cairo on Saturday.

The meeting between Hamas and Egyptian mediators come amid ongoing violence in Gaza, as the Israeli military intercepted three projectiles fired from the territory and launched air strikes and artillery shelling on several areas. No injuries were reported, the military said in a statement.

The scheduled talks in Cairo also come days after US President Donald Trump suggested an agreement to secure the release of hostages held in Gaza was close to being finalized.

A Hamas official told AFP that the Palestinian group anticipated the meeting with Egyptian mediators would yield significant progress.

"We hope the meeting will achieve real progress towards reaching an agreement to end the war, halt the aggression and ensure the full withdrawal of occupation forces from Gaza," the official familiar with the ceasefire negotiations told AFP on condition of anonymity, as he was not authorized to speak publicly on the matter.

The delegation will be led by the group's chief negotiator Khalil al-Hayya, he said.

According to the official, Hamas has not yet received any new ceasefire proposals, despite Israeli media reports suggesting that Israel and Egypt had exchanged draft documents outlining a potential ceasefire and hostage release agreement.

"However, contacts and discussions with mediators are ongoing," he added, accusing Israel of "continuing its aggression" in Gaza.

The Times of Israel reported that Egypt's proposal would involve the release of eight living hostages and eight bodies, in exchange for a truce lasting between 40 and 70 days and a substantial release of Palestinian prisoners.

President Trump said during a cabinet meeting this week that "we're getting close to getting them (hostages in Gaza) back".

Trump's Middle East envoy Steve Witkoff was also quoted in an Israeli media report as saying "a very serious deal is taking shape, it's a matter of days".

Israel resumed its Gaza strikes on March 18, ending a two-month ceasefire with Hamas.

Since then, more than 1,500 people have been killed, according to the health ministry in the Hamas-run territory to which Israel cut off aid more than a month ago.

Dozens of these strikes have killed "only women and children," according to a report by UN human rights office.

The report also warned that expanding Israeli evacuation orders were resulting in the "forcible transfer" of people into ever-shrinking areas, raising "real concern as to the future viability of Palestinians as a group in Gaza".

On Saturday, Israel continued with its offensive.

Gaza's civil defense agency reported an Israeli air strike on a house in Gaza City on Saturday morning.

AFP footage of the aftermath of the strike showed the bodies of four men, wrapped in white shrouds, at a local hospital, while several individuals gathered to offer prayers before the funeral.

The Israeli military, meanwhile, said its air force intercepted three projectiles that were identified as crossing into Israeli territory from southern Gaza on Saturday.

The ceasefire that ended on March 17 had led to the release of 33 hostages from Gaza -- eight of them deceased -- and the release of around 1,800 Palestinian prisoners held in Israeli jails.

The war in Gaza broke out after Hamas's October 7, 2023, attack on Israel. It resulted in the deaths of 1,218 people, mostly civilians, according to an AFP tally based on Israeli official figures.

Militants also took 251 hostages, 58 of whom are still held in Gaza, including 34 the Israeli military says are dead.

Gaza's health ministry said on Friday that at least 1,563 Palestinians had been killed since March 18 when the ceasefire collapsed, taking the overall death toll since the war began to 50,933.