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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on April 24, 2025

    Featured image for article about Headlines

    RAMALLAH (Reuters) - The Palestinian leadership approved the creation of the position of vice president of Mahmoud Abbas, and possibly his successor, on Thursday, a step widely seen as needed to assuage international doubts over Palestinian leadership.

    A statement published by state news agency WAFA said 170 members of the Palestinian Central Council, the Palestinians' highest decision-making body, voted in favour of the decision, while one member voted against it and another abstained.

    They have not immediately appointed someone to the role. According to the statement, Abbas has the right to assign tasks to the deputy, relieve him of his post, or accept his resignation.

    Abbas, 89, has headed the Palestine Liberation Organisation (PLO) and the Palestinian Authority (PA) since the death of veteran leader Yasser Arafat in 2004 but has for years resisted internal reforms, including the naming of a successor.

    The Western-backed Palestinian Authority exercises limited rule in the Israeli-occupied West Bank and has not governed Gaza since fighting a civil war with Hamas in 2007.

    (Reporting by Ali Sawafta and Nidal al-Mughrabi; Editing by Chizu Nomiyama)

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