#AceFinanceNews – BETHLEHEM (Ma’an) – April 02 – Some gas station owners have begun buying fuel directly from Israeli dealers instead of buying it through Palestinian Authority’s General Petroleum Corporation, a union spokesman said Tuesday.
Suheil Jabir, spokesman for the union of West Bank gas station owners, told Ma’an that fuel bought directly from Israeli dealers is cheaper than fuel bought through official PA channels.
As a result, some gas stations owners have been buying fuel from Israeli dealers who smuggle fuel into the West Bank, Jabir said.
Smuggling fuel from Israel has a negative impact on the PA’s revenue, he said, explaining that about 65 percent of the money from fuel sales goes to the PA treasury.
Jabir said smuggled fuel arrives either through border crossings or from Israeli gas stations in illegal settlements.
#AceFinanceNews – ISRAEL – March 31 – An Israeli court convicted former Prime Minister Ehud Olmert of bribery on Monday, Reuters reported.
He had denied wrongdoing in the Holy Land apartment complex deal while in his previous post of Jerusalem mayor, and other corruption allegations that forced his resignation as premier in 2008.
The conviction is likely ending any prospect of a political comeback for Olmert.
#AceFinanceNews – TURKEY – March 25 – A compensation deal for Turkish victims of a deadly Israeli raid on a Gaza aid flotilla four years ago will soon be signed, Turkish Deputy Prime Minister Bulent Arinc said Tuesday.
“We have received a final agreement document from Israel,” Arinc was quoted as saying by Hurriyet newspaper.
After next Sunday’s local elections, “our first job will be making sure the compensation is bound by a legal document,” the official added.
Talks on compensation over the nine Turks killed in the raid began in March 2013 after Israel extended a formal apology to Ankara.
Background to the Story
Israeli Prime Minister Benjamin Netanyahu has apologised to the Turkish people for “any errors that could have led to loss of life” during the commando raid on an aid flotilla bound for the Gaza Strip on 31 May 2010. Nine activists were killed and dozens wounded, when Israeli troops boarded the lead ship as it attempted to breach the naval blockade of the Palestinian territory. http://www.bbc.co.uk/news/10203726
The Gaza flotilla raid was a military operation by Israel against six ships of the “Gaza Freedom Flotilla” on 31 May 2010 in international waters of the Mediterranean Sea. The flotilla, organized by the Free Gaza Movement and the Turkish Foundation for Human Rights and Freedoms and Humanitarian Relief (İHH), was carrying humanitarian aid and construction materials, with the intention of breaking the Israeli-Egyptian blockade of the Gaza Strip. https://en.wikipedia.org/wiki/Gaza_flotilla_raid
Reuters – BBC – Wikipedia – Hurriyet – RT