UAE gives $80 million to Palestinians | Jerusalem Post

UAE gives $80 million to Palestinians | Jerusalem Post: "The United Arab Emirates has transferred $80 million (€59 million) in aid to the Palestinians, using a new account controlled by Finance Minister Salam Fayyad, officials said Saturday.

Fayyad, an independent, set up the account in the name of the PLO, the Palestinians' political umbrella group. Hamas is not part of the PLO, thus allowing banks to transfer aid money without running afoul of US anti-terror regulations.

Hamas and the Fatah movement of moderate Palestinian Authority Chairman Mahmoud Abbas formed a coalition in March, with the goal of ending a foreign aid boycott imposed when Hamas first came to power more than a year ago.

However, many countries have said they would not resume direct aid payments to the Palestinian government, because Hamas refuses to renounce violence and recognize Israel." Read complete post here.