
A Norwegian national flag flies from a vessel near the Scarabeo 8 deepwater oil drilling rig, operated by ENI Norge AS, in Olensvag, Norway, on Tuesday, April 3, 2012. The world’s seventh-largest oil exporter boasts no net debt, adding to its appeal as an alternative to the debt-riddled euro area. Photographer: Kristian Helgesen/Bloomberg
The World Bank on Monday transferred $25 million to the Palestinian Authority to assist with urgent budget needs, a statement from the global financial body said. The funds were taken from the Palestinian Reform and Development Plan Trust Fund (PRDP-MDTF), a multi-donor budget support mechanism in place since 2008. Monday’s funds will be channeled towards macroeconomic and public management reforms.While the primary donors to Monday’s transfer were Norway and the United Kingdom, the total funds allocated via the PRDP-MDTF include $1.38 billion from the United States.
The Palestinian Authority relies heavily on international donors whose contributions have historically been related to ongoing peace negotiations.
In May, the World Bank warned of a fiscal crisis, particularly in the blockaded Gaza Strip where the economy was “on the verge of collapse.”
The report called on the PA, Israel and the donor community to take “actions” and carry out “reforms” in order “to reverse the recent and worrisome slowdown in economic growth” and “avoid a dangerous fiscal crisis.”
The downfall of the economies in both the Hamas-run Gaza Strip and the PA-run West Bank is impacted by corruption within the PA, as well as the systematic destruction of the economy by Israeli authorities, according to Palestinian think-tank Al-Shabaka.
The World Bank has transferred over one billion in funds since 1993.
(albawaba)
The National Dialogue Quartet, winners of the 2015 Nobel Peace Prize, were presented with this prestigious award at a solemn ceremony held Thursday in Oslo City Hall, with attendance of King Harald of Norway and the Norwegian government. In their remarks, Houcine Abassi (Tunisian General Labour Union, UGTT), Mohamed Fadhel Ben Mahfoudh (Tunisian Order of Lawyers, ONAT), Abdessattar Ben Moussa (Tunisian Human Rights League, LTDH) and Wided Bouchamaoui (Tunisian Confederation of Industry, Trade and Handcrafts, UTICA) affirmed that the Nobel Prize is a tribute to the Tunisian Revolution and an inspiration to all the peoples of the world, urging them to claim their legitimate rights.
The government of Norway, in collaboration with leading outsourcing and technology services specialist VFS Global, has opened the first visa application centre (VAC) in Amman, Jordan. The Norway Visa Application Centre in Amman was officially inaugurated today by Ms Sissel Breie, ambassador of Norway to Jordan.Speaking on the occasion, the Ambassador said that the visa application centre will be the main channel in Jordan for submitting applications for visas to Norway, Denmark, Finland and Iceland, as well as residence permits to Norway and Denmark for persons residing in Jordan and Iraq.
Several people have been found dead after a helicopter crashed west of the Norwegian city of Bergen with 13 on board, local media report.
Norway’s former minister for the environment and international development, Erik Solheim, was appointed on Tuesday to head the UN Environment Programme.
Ferney Cifuentes, like so many Colombian children from his area, was helping his father herd cattle in Montecristo in January 2015 when a violent blast lifted the Earth and sent shrapnel flying.
The U.S. Navy is issuing a contract to Kongsberg Defense of Norway for missiles and equipment for additional testing of its Naval Strike Missile.
After the Norwegian government seized five children from their family, citing the parents’ Christian beliefs, activists are fighting back to bring the kids home.
The family of a British oil worker killed in a helicopter crash in Norway say they have been left “heartbroken” by his death.
It has been just over five years since the Norwegian Nobel Committee awarded the Peace Prize to the Chinese dissident Liu Xiaobo. It is also the sixth anniversary of Liu’s incarceration on charges for “inciting subversion of state power.” Norway remains in China’s diplomatic doghouse as a result of Liu’s peace prize.Beijing has subjected Oslo to a range of mostly symbolic sanctions. These have included the cancellation of all high-level bilateral meetings, including a nascent free-trade agreement, and informal restrictions on scientific and artistic exchanges. Furthermore, China has imposed selected economic sanctions on Norway, notably on its famous salmon exports.
The Norwegian Ambassador to Indonesia, Stig Traavik, has said his government is ready to help Indonesia to develop peat land-friendly agriculture.
The Government of Norwegian will continue to support local content development in the wake of huge natural gas discoveries in the country. Speaking at the weekend during an entrepreneurship award winners’ event known as “Heroes of Tomorrow”, the Norwegian Ambassador to Tanzania, Hanna-Marie Kaastad said the award programme, which has the support of her government, was intended to improve entrepreneurship among Tanzania’s young entrepreneurs so they can participate in the projected related to natural gas undertakings.”This initiative is intended to nurture the growth of young entrepreneurs.
The European Commission on Wednesday (5 May) backed extending internal border checks for six months in Austria, Denmark, Germany, Norway and Sweden.