President Abbas hopes 2026 brings progress on Palestinian statehood

President Mahmoud Abbas addresses a ceremony in Ramallah after receiving an honorary doctorate from the Arab American University on Thursday. (WAFA)
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Updated 51 min 28 sec ago
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President Abbas hopes 2026 brings progress on Palestinian statehood

  • Leader endorses Gaza committee, cites positive indications from US administration to resolving cause

RAMALLAH: Palestinian Authority President Mahmoud Abbas said on Thursday that Palestine is determined to continue its efforts with US President Donald Trump and other relevant partners.

He expressed hope that 2026 will witness progress toward resolving the Palestinian cause, citing positive indications from the US administration.

He was speaking during a ceremony marking his receipt of an honorary doctorate from the Arab American University in Ramallah.

Abbas said the state of Palestine has announced its support for the formation of the Palestinian Administrative Committee in the Gaza Strip during the transitional phase.

He expressed appreciation for the efforts of Trump and mediators Egypt, Qatar, and Turkiye, and for moving toward the implementation of the second phase of Trump’s plan.

Abbas reaffirmed the importance of linking the institutions of the PA in the West Bank and Gaza, stressing the need to avoid creating parallel administrative, legal, or security systems that would entrench division.

He outlined his political vision based on the Palestinian people’s right to self-determination and return, and the establishment of an independent, fully sovereign Palestinian state with East Jerusalem as its capital, living in peace and security with its neighbors.

The president said the Palestinian state would be democratic, based on equal citizenship, political pluralism, freedom of expression, the formation of political parties, the rule of law, good governance, human rights, integrity, and equality.

Abbas stressed that direct legislative and presidential elections are the foundation of democratic governance and the only path to the peaceful transfer of power under the rule of law, transparency, accountability, and the empowerment of women and youth.

He noted that work is underway to draft a temporary constitution and a political parties law in preparation for the upcoming elections.

Abbas affirmed that the Palestinian state remains committed to international law and the agreements and treaties signed with other states and international organizations.

The president reiterated that peaceful popular resistance, alongside political, diplomatic, and legal action, remains the strategic choice to end the occupation.

He said the Palestinian people continue to safeguard their presence, history, identity, and national memory despite immense challenges, adding that despite the catastrophe caused by the war in Gaza, they remain determined to rebuild the enclave and what has been destroyed across the West Bank.

Abbas also voiced confidence in Palestinian universities, saying they will not only transmit knowledge but also advance it through investment in scientific research and partnerships with the private sector and the state, emphasizing that science and technology are key drivers of national progress.

He stressed that it is time for the Palestinian people to write their own complete history, present their authentic narrative, and decisively refute false and distorted accounts that seek to misrepresent the reality and history of the Palestinian people.


Egypt receives €1bn from EU as reward for economic reforms progress

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Egypt receives €1bn from EU as reward for economic reforms progress

  • Payment is the 2nd installment of a €5bn macro-financial assistance loan package agreed in 2024
  • European Commission President Ursula von der Leyen says it reflects Cairo’s efforts to build a stronger economy

LONDON: Egypt received €1 billion ($1.16 billion) from the EU on Thursday. The payment, designed to help boost the country’s financial stability, is part of a €5 billion macro-financial assistance package agreed in 2024.

The transfer was made after Egypt implemented a range of economic reforms, including improvements to public financial management and the foreign exchange market, the European Commission said.

The money is intended to help Egypt cover part of its financing needs, ensure economic stability, and support the country's economic reform agenda.

The €5 billion in macro-financial assistance, part of a broader €7.4 billion package, comes in the form of concessional loans that Egypt will have 35 years to repay. Thursday’s payment was the second, after an initial €1 billion was disbursed in December 2024. The remaining €3 billion is expected to be paid in two further installments this year.

Rania Al-Mashat, Egypt’s minister of planning, economic development and international cooperation, said the funding reflected the depth of Egyptian-European relations.

The financing package is directly linked to Egypt’s program of reforms designed to unlock the country’s economic potential, she added.

European Commission President Ursula von der Leyen said the latest payment “shows both the EU’s commitment to this partnership and Egypt’s efforts to build a stronger and greener economy.”

The commission said Egypt had fulfilled all the required conditions for the disbursement of funds, including that it remains on track with the requirements of an International Monetary Fund program. The IMF last month said it had reached an agreement with Egypt for reviews of that program, which could unlock about $2.5 billion.

Egypt secured an expanded $8 billion IMF package in March 2024, contingent on the country carrying out economic reforms.

The Egyptian economy has stabilized following a financial crisis in 2023 and 2024 that led to the devaluation of the Egyptian pound, a severe shortage of foreign exchange, and record-high inflation.