EU promises support to PA as Israel withholds tax revenues ...Kuwait

EU officials met with the Palestinian minister of finance, Shukri Bishara, and the governor of the Palestinian Monetary Authority (PMA), Feras Melhem, to discuss the impact of the ongoing war by Israel against Gaza on the Palestinian economy. The economy has suffered US$2.3 billion in losses since the beginning of the war on Gaza, according to the Palestinian Ministry of Economy.  The World Bank recently warned that it expects the West Bank and Gaza economy to contract by 3.7% because of the war. It initially anticipated a growth of 3% in 2024, but now it expects an overall contraction of 6%. This adjustment is based on the assumption that the severity of the conflict

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