RAMALLAH, A Fatah official today denied media reports that the Palestinian Authority received 500 million shekels in a loan from the Israeli government.

“What was promoted by some media outlets confirming that the Palestinian Authority has taken a financial loan from the Israeli government, is not true. The PA did not take any,” Minister Hussein al-Sheikh, Chairman of the Palestinian Civil Affairs Commission and Member of the Central Committee of Fatah Movement, tweeted.

Al-Shiekh posted his tweet responding to Israeli media reports that Israel gave the PA 500 million shekel ($160,579,650) beyond the tax monies which it collects on behalf of the PA.

Source: Palestinian News & Info Agency