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.
- Eyes on the Cityscape: Mongolia, out of all places, is set to woo Middle East investors
- The rise of dollar: aka the downfall of oil markets?
- You don't need to be Muslim to practice? Why Goldman Sachs' sukuk sales worked so swell this around
- Erdogan's ready to smear the banks: is Turkey about to face a financial crisis worse than that of 2001?
- An economic slowdown? The pros and cons of Israel's weakening shekel