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As part of a statehood bid they plan to bring before the U.N. this September, Palestinians are pushing for the creation of a new Palestine Central Bank and the introduction of new currency.
But Jihad Al-Wazir, 48, governor of the Palestinian Monetary Authority, which hopes to soon evolve into the first central bank, says work is needed before reintroducing the Palestinian pound.
Camped under a tent in what he hoped would become the Tahrir Square of the West Bank, hunger striker Iyas Sarhan reclined on a foam mattress in a pair of increasingly baggy slim-fit jeans and waited for the Palestinian revolution to begin.
Israel's Independence Day is a good time to revel in what such a small country has achieved in such a short time and under such trying circumstances. But it is also a time to resolve to do more. On the former point, Israel's achievements are indeed amazing. With a population of 7 million citizens, Israel is no less than a technological, academic, medical, cultural, artistic, and scientific superpower. And this is not just on a per capita basis, but in absolute terms. It is bursting with ingenuity and creativity.
Hamas will accept a Palestinian state on the 1967 borders, but will maintain its refusal to recognize Israel, party leader Mahmoud Az-Zahhar told Ma'an on Wednesday.
Speaking with Ma'an radio, the official said that Hamas was ready to recognize a Palestinian state "on any part of Palestine," for the first time publicly steering away from prior Hamas demands that the modern Palestinian state must be established "from the [Jordan] river to the [Mediterranean] sea."
Palestinian investment firm PADICO announced Tuesday the first issue of corporate bonds in the Palestinian territories worth $70 million.
At a press conference in Ramallah, PADICO said it was issuing 7,000 five-year bonds, which will be privately placed and neither traded nor listed on the Palestinian stock exchange.
The investment company, which is publicly traded, focuses on investment in the Palestinian economy, and has interests in infrastructure, real estate and tourism projects.
The European Commission Friday announced the approval of a $121.85 million financial package for the Palestinian Authority, said to be for the salaries and pensions of PA civil servants.
The decision comes as Israel continues to withhold tax revenues paid by Palestinians for goods imported into Palestinian areas, which are due under agreement for transfer to the PA. The EU package was in addition to the $143.35 million already approved from European Neighborhood and Partnership Instrument.
Israeli Prime Minister Benjamin Netanyahu will address a joint meeting of the U.S. Congress on May 24, U.S. House of Representatives Speaker John Boehner announced on Tuesday.
"It will be an honor to welcome Prime Minister Netanyahu to the Capitol on May 24 as part of his official visit to the United States," Boehner said in a statement. His office last month extended the invitation to Netanyahu, but a date had not been previously announced.
Palestinian President Mahmoud Abbas, facing heavy international pressure, is leaning toward retaining his prime minister in an emerging Palestinian unity government, officials close to Abbas said Wednesday.
Abbas's secular Fatah movement signed a reconciliation deal with the rival Islamic Hamas government in the Gaza Strip last week that calls for a joint government to be formed ahead of elections next year. Israel refuses to deal with any government that includes Hamas, which it, the U.S. and European Union consider a terrorist group.
Delegations from Palestinian rivals will visit Cairo Saturday to start discussions on forming a unity government, a Hamas official said Wednesday.
The delegations will represent Hamas and President Mahmoud Abbas's Fatah party, said Salah Al-Bardawil, a Hamas official in Gaza.
Last week, the two movements signed a reconciliation agreement brokered by Egypt. The pact is sought to end political split between the Hamas-controlled Gaza Strip and the West Bank, where Fatah holds sway.
France plans to hold an international conference on peace by the end of June, a Palestinian official said Tuesday.
Saeb Erekat, a Palestinian negotiator, said that France has informed the Palestinian leadership about its intention to host the peace conference on the sidelines of a meeting for international donors to the Palestinians in Paris next month.
The Palestinian leadership on Wednesday condemned remarks by Israeli finance minister that withholding Palestinian money was an initial warning to the Palestinian National Authority.
The statements by the minister, Yuval Steinitz, were "racial," said Yasser Abed Rabbo, a member of the PLO's Executive Committee. "They indicate that collective punishment is the easiest policy Israel resorts to."
Israel has frozen the construction of the West Bank separation fence near the Gush Etzion settlement bloc over budget concerns, Army Radio said on Wednesday, adding that Defense Ministry documents showed construction could resume in late 2012.
According to a Defense Ministry document quoted in the Army Radio report, the defense establishment "realizes the importance of erecting the fence and retains all of the claims to its construction despite a lack of funding."
The cost of completing the said section is estimated at around NIS 5 billion.
Once again, Israel is showing everyone who the real man is here. It is busy carrying out (yet another ) robbery in broad daylight of $105 million from the Palestinians. And as usual, it is going off without a hitch.
Efforts by members of Israel's far right to forbid the country's Arab citizens from commemorating the Nakba are mean, foolish and destined to fail. But initiatives by the extreme left to turn Nakba Day into a joint memorial day for all of Israel's citizens are also doomed. Israel is not a binational state, and with all due liberalism and humanism, it is hard to treat victory and defeat in the same way.
Palestinian homes in the east Jerusalem neighborhood of al-Bustan are not to be demolished until plans are finalized and approved for the park that is to be established in their stead, the Jerusalem District Court ruled Wednesday.
Mayor Nir Barkat is promoting the plans, which require the demolition of 22 illegally-built homes. In exchange, the Arabs who reside in these homes will receive permits to build new homes legally on the other side of the neighborhood, at their expense. In addition, the 66 other homes in the neighborhood will be legalized retroactively.
Defense Minister Ehud Barak revealed his plan for an accord with the Palestinians on Tuesday, hinting at the points Prime Minister Benjamin Netanyahu is to present in his upcoming speech before the US Congress and President Barack Obama.
Speaking at a reception held traditionally for combat soldiers at IDF Headquarters in Tel Aviv, Barak said Israel was prepared to take "courageous steps" to bring about peace.
"On the eve of this Independence Day, Israel is the strongest country within a radius of 1,500 km from Jerusalem," Barak said.
The Defense Ministry is set to invest millions to upgrade Israel’s space communication capabilities, to enable reconnaissance and surveillance satellites used by the IDF to provide real-time intelligence. As things stand, Israeli satellites can only download their data when they fly directly over Israel – which can mean a delay of up to 90 minutes, a critical handicap in times of conflict.
Foreign Minister Avigdor Lieberman on Tuesday called on Palestinian Authority President Mahmoud Abbas to reject the unity deal Fatah made with Hamas and to resume direct talks with Israel – even though Israel has no intention of ceding to Abbas’s demand that it freeze settlement activity.
Hamas leader Khaled Mashaal said that he gives the Israeli government a one-year deadline to recognize an independent Palestinian state founded on lands occupied since 1967, including Jerusalem as its capital, Palestinian news agency Ma'an reported.
Israel stripped thousands of Palestinians of their right to live in the West Bank over a 27-year period, forcing most of them into permanent exile abroad, a document obtained under freedom of information laws has disclosed.
Around 140,000 Palestinians who left to study or work had their residency rights revoked between 1967 and 1994.
The security agencies of the Palestinian Authority have been praised for fostering stability and prosperity by helping dismantle the West Bank's armed militias and networks of Hamas fighters.
But an element to their success - coordination with Israel's security establishment - may be in jeopardy after Fatah, the West Bank's dominant Palestinian faction, and Hamas agreed to a deal designed to lead to a unity government.
The landmark reconciliation deal reached last week by the Palestinian factions Fatah and Hamas required compromises on both sides, but none more so than by the Islamist movement that rules the Gaza Strip.
Reflecting on the deal that brought their four-year rift to an end, Khaled Meshaal, the Damascus-based leader of Hamas, said afterward that his side had conceded autonomy on "how to manage the resistance".
The use of violence - along with negotiations with Israel, domestic governance and foreign affairs - will now require Fatah's approval, Mr Meshaal told The Wall Street Journal.
The questions currently on the table are the following: Why was the Palestinian reconciliation not secured before the headache and the flu which hit Syria due to the acuteness of the “massive” demonstrations and protests that are ongoing in the Syrian cities and towns?! Did the Syrian authorities’ allusion to the presence of Palestinian “infiltrators” play a role in Hamas’s search for a hosting place other than Damascus?!
On numerous occasions during the ongoing turmoil in the Arab World, I’ve been accused by friend and foe alike of engaging in “conspicuous silence.” Commentators, particularly in the age of the internet and cable television, are expected by news organizations and consumers to provide instant analysis on anything and everything. But sometimes the only honest and intelligent thing to say is very little, or even nothing.
Links:
[1] http://www.americantaskforce.org/print/19005
[2] http://www.americantaskforce.org/printmail/19005
[3] http://www.americantaskforce.org/printpdf/19005
[4] http://www.americantaskforce.org/rss/wpr
[5] https://www.americantaskforce.org/civicrm/contribute/transact?reset=1&id=1
[6] http://latimesblogs.latimes.com/babylonbeyond/2011/05/palestinian-territory-qa-on-a-new-currency-.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BabylonBeyond+%28Babylon+%26+Beyond+Blog%29
[7] http://www.latimes.com/news/nationworld/world/la-fg-palestinians-protest-20110511,0,1434984.story
[8] http://mideast.foreignpolicy.com/posts/2011/05/10/celebrating_interdependence_on_israels_independence_day
[9] http://www.maannews.net/eng/ViewDetails.aspx?ID=386651
[10] http://www.maannews.net/eng/ViewDetails.aspx?ID=386656
[11] http://www.maannews.net/eng/ViewDetails.aspx?ID=385332
[12] http://www.trust.org/alertnet/news/netanyahu-to-address-us-congress-may-24-house-speaker/
[13] http://www.statesman.com/news/nation/palestinians-fayyad-could-keep-pm-job-1467868.html
[14] http://news.xinhuanet.com/english2010/world/2011-05/11/c_13870110.htm
[15] http://news.xinhuanet.com/english2010/world/2011-05/10/c_13868444.htm
[16] http://news.xinhuanet.com/english2010/world/2011-05/11/c_13869894.htm
[17] http://www.haaretz.com/news/diplomacy-defense/report-israel-freezes-west-bank-fence-near-major-settlement-bloc-1.361039
[18] http://www.haaretz.com/print-edition/opinion/israel-is-getting-away-with-robbing-palestinian-taxes-1.360975
[19] http://www.haaretz.com/print-edition/opinion/mideast-peace-requires-palestinian-self-criticism-1.360974
[20] http://www.ynetnews.com/articles/0,7340,L-4067176,00.html
[21] http://www.ynetnews.com/articles/0,7340,L-4066949,00.html
[22] http://www.jpost.com/Defense/Article.aspx?id=220011
[23] http://www.jpost.com/DiplomacyAndPolitics/Article.aspx?id=219978
[24] http://www.jpost.com/MiddleEast/Article.aspx?id=219972
[25] http://www.guardian.co.uk/world/2011/may/11/israel-palestinians-residency-rights
[26] http://www.thenational.ae/news/worldwide/middle-east/pa-israel-joint-security-may-be-first-victim-of-fatah-hamas-pact
[27] http://www.thenational.ae/news/worldwide/middle-east/world-watches-to-see-how-far-hamas-will-compromise-in-peace-with-fatah
[28] http://www.daralhayat.com/portalarticlendah/265132
[29] http://www.nowlebanon.com/NewsArticleDetails.aspx?ID=269184