http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20061224\ACQRTT200612240144RTTRADERUSEQUITY_0003.htm&selected=9999&selecteddisplaysymbol=9999&StoryTargetFrame=_top&mkt=WORLD&chk=unchecked&lang=&link=&headlinereturnpage=http://www.international.nasd

Israel Agrees To Free $100 Mln Frozen Funds To Palestine

(RTTNews) - In an effort that would revive hopes for resumption of peace 
talks with Palestine after witnessing hostility and distrust for many 
years, Israel had agreed to free $100 million to Palestine that was 
frozen, reports AP. Israel had also promised to relax travel restrictions.

In a two-hour meeting with Palestinian President Mahmoud Abbas, Israel 
Prime Minister Ehud Olmert assured to release the frozen funds. Both 
sides felt that this was a first step towards rebuilding mutual trust 
for fruitful cooperation and more meetings are in the pipeline.

Palestinian economy has come under pressure due to cutoff of funds 
coupled with aid freeze from West after Hamas took the reigns of the 
Palestinian government. West wanted Hamas to recognize Israel and put an 
end to violence.

Travel restrictions would be eased by Israel by removing roadblocks in 
the West Bank. Israel had also agreed to allow 500 trucks move through 
the main cargo crossing between Gaza and Israel.

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