The Palestinian Authority has received 407 million shekel ($114 million) from Israel, with more funds on the way in the coming days, following an agreement earlier this month to release frozen tax funds, the Norwegian government said on Thursday, APA reports citing Reuters.
Norway on Feb. 18 said it had agreed to assist in the transfer of funds earmarked for the Palestinian Authority (PA) that were collected by Israel, providing vital funding to the Western-backed entity.
Under interim peace accords reached in the 1990s, Israel's finance ministry collects tax on behalf of the Palestinians and makes monthly transfers to the PA, but a dispute broke out over payments in the wake of the Oct. 7 attack by Hamas.
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