Abbas assigns Muhammad Mustafa to form a new Palestinian government to succeed Shtayyeh

Palestinian President Mahmoud Abbas on Thursday appointed Muhammad Mustafa, head of the Palestine Investment Fund, to form a new government. Mustafa’s appointment came in a presidential decree to succeed Muhammad Shtayyeh.

Palestinian President Mahmoud Abbas on Thursday appointed Muhammad Mustafa, head of the Palestine Investment Fund (sovereign fund), to form a new government.

Muhammad Mustafa was appointed by presidential decree to succeed Muhammad Shtayyeh.

The Palestinian News Agency (Wafa) said: “The President of the State of Palestine, Mahmoud Abbas, this evening, Thursday, appointed Dr. Muhammad Mustafa to form the nineteenth government, within the period specified in the amended Basic Law of 2003 and its amendments.”

Mustafa held a number of positions in the World Bank and in the institutions of the Palestinian Authority, most notably the head of the Palestine Investment Fund.

Last February, President Abbas accepted Shtayyeh's resignation, who announced in a speech during a weekly meeting that his government was resigning.

Shtayyeh submitted his resignation in light of the political, security and economic developments related to the war on the Gaza Strip and the unprecedented escalation in the occupied West Bank.

Shtayyeh said, at the time, that the next stage “needs new governmental political arrangements that take into account developments in the Gaza Strip, national unity talks, and the urgent need to achieve a Palestinian consensus based on a national foundation, broad participation, unity of ranks, and extending authority over the entire land of Palestine.” ".