Palestinian leader spurns $6M mansion amid backlash concerns

→ The Gold Grab of the Century (From Colonial Metals) (Ad)

RAMALLAH, West Bank (AP) — Palestinian officials say a newly built $6 million West Bank mansion meant to be President Mahmoud Abbas' official residence and guesthouse won't be serving its original purpose.

One official says Abbas, 82, decided to stay in his home, fearing public backlash if he moved into the 4,700-square-meter (50,600-square-foot) residence at a time of economic hardship among Palestinians. The official spoke on condition of anonymity because he was not authorized to discuss Abbas' deliberations with reporters.

Visiting foreign dignitaries typically don't stay overnight in Ramallah, the seat of Abbas' self-rule government.

Palestinian Culture Minister Ehab Bseiso said Monday that a national library would be built on the grounds of the mansion near Ramallah. He says some rooms of the mansion might in the future be used by the library.

→ Could Your Accounts Be Frozen? (From Allegiance Gold) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Featured Articles and Offers

Search Headlines: