Palestine: General strike enters second day, PA to borrow from banks to pay wages
[Palestine's] Minister of Finance Nabeel Kassis Wednesday said that his ministry and in cooperation with the Palestine Monetary Authority will borrow from local banks to pay part of the public employees’ November salary.
He said that the borrowing will be guaranteed by the financial Arab safety net promised to the Palestinian Authority to help it overcome Israeli and United States financial sanctions after becoming a non-member state in the United Nations last month.
Public employees observed Wednesday a general work stoppage to protest the delay in getting their November salary. The work stoppage is expected to continue on Thursday as well.
- United Arab Bank makes AED250,000 contribution to Al Thiqah Club for the Handicapped
- Opening up: is Saudi Arabia's stock market ready for an upgrade?
- Severe symptom of a savings gap? Turkey leads Europe in credit card debt
- Gulf stocks facing some serious 'downward pressures'
- Long-anticipated hike: Dollar on track for best annual gain in nine years