Palestinian Tycoon Masri Seeking to Stop West Bank Collapse

March 25, 2015 6:29 PM

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(Bloomberg) -- Munib R. Masri, one of the richest Palestinians, is trying to prod banks and Arab nations to help avert the Palestinian Authority’s collapse following Israeli Prime Minister Benjamin Netanyahu’s election victory.

Masri, chairman of Palestine Development & Investment Co., said Netanyahu’s campaign remarks against Palestinian statehood and Israel’s withholding of hundreds of millions of dollars in tax revenue were “black smoke” on the horizon.

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