CAIRO: ‘ Donor’s Conference With Everyone Wanting Share of the Lucrative Gaza Pie’

#AceWorldNews – CAIRO – October 12 – Palestinian President Mahmoud Abbas on Sunday promised a transparent and responsible use of funds pledged at a donor’s conference to help Gaza rebuild after this summer’s devastating war between Israel and Hamas.

Speaking at the one-day gathering in Cairo, Western-backed Abbas said $4 billion was needed to reconstruct the coastal strip after the 50-day war that ended on Aug. 27.

Participants were expected to pledge hundreds of millions of dollars, and U.S. Secretary of State John Kerry announced immediate U.S. assistance of $212 million as the conference began.

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