{"id":100929,"date":"2025-09-28T00:00:00","date_gmt":"2025-09-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/28\/the-kingdom-commits-usd-90-mn-to-palestinian-authority\/"},"modified":"2025-09-28T00:00:00","modified_gmt":"2025-09-28T00:00:00","slug":"the-kingdom-commits-usd-90-mn-to-palestinian-authority","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/28\/the-kingdom-commits-usd-90-mn-to-palestinian-authority\/","title":{"rendered":"The Kingdom commits USD 90 mn to Palestinian Authority"},"content":{"rendered":"

\n

DEVELOPMENT WATCH-<\/p>\n

Saudi backs Palestinian Authority with USD 90 mn boost:<\/strong> The Kingdom pledged USD 90 mn in support for the Palestinian Authority as part of an emergency international coalition launched Thursday<\/a> to provide direct funding and support, the Saudi Gazette<\/a> reported on Friday. The coalition aims to turn the New York Declaration into a concrete plan, with priorities including a Gaza ceasefire and unifying Palestinian territories.<\/p>\n

ICYMI- <\/strong>The UN summit co-chaired by Saudi Arabia and France saw French President Emmanuel Macron formally announce France\u2019s recognition of Palestine on Monday<\/a>, joining the UK, Canada, Australia, Portugal, Luxembourg, Malta, Monaco, and Andorra. Belgium said it will do the same once Hamas is removed from Gaza and captives are released.<\/p>\n

ALSO-<\/strong> The <\/strong>Saudi Fund for Development (SDF) and the Qatar Fund for Development will <\/strong>provide<\/strong> a joint financial support of USD 89 mn to Syria for three months<\/strong>, the SDF said in a statement<\/a> on Wednesday. The funding \u2014 which will go through the UN Development Program \u2014 will cover public sector salaries to keep essential services running. This will help maintain basic functions such as education and social protection while also contributing to economic recovery efforts.<\/p>\n

ICYMI- <\/strong>The Kingdom granted Syria 1.65 mn barrels of crude oil earlier this month<\/a> to back the operational and financial stability of Syrian refineries.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

\n

FINANCIAL SERVICES-<\/p>\n

The Saudi Central Bank licensed Global Exchange AS Currency Service Limited to <\/strong>operate in the Kingdom\u2019s foreign currency market<\/strong>, it said in a statement<\/a> on Thursday. This brings the total number of licensed centers to 66.<\/p>\n

\n

DEBT WATCH-<\/p>\n

Tanmiah Food<\/a><\/strong>\u2019s subsidiary Agricultural Development Company increased its<\/strong> revolving <\/strong>murabaha facility with Saudi Awwal Bank to SAR 310 mn from SAR 130 mn<\/strong>, it said in a disclosure to Tadawul<\/a> on Thursday. The one-year facility \u2014 backed by a promissory note \u2014 will be used to cover the company\u2019s working capital needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

ALSO: Saudi and Qatar pledged USD 89 mn to support Syria<\/p>\n","protected":false},"author":1,"featured_media":100930,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[3003,54,10,1493,3492],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agricultural-development-adc","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-saudi-central-bank-sama","tag-saudi-development-fund-sdf","wpautop","entry"],"acf":{"mongo_id":"0d03e38b-cbd4-4e41-9277-19f76289f5d4","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/1608.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi Arabia commits USD 90 mn to Palestinian Authority","related_issue":[100910],"teaser":"ALSO: Saudi and Qatar pledged USD 89 mn to support Syria","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.891c9485-330d-40db-bfa7-1450864df25a.mp3"},"yoast_head":"\nThe Kingdom commits USD 90 mn to Palestinian Authority - 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