Hamas Looks to Saudi Arabia for Financial Assistance

Hamas leaders are visiting Saudi Arabia on Friday. The militant group, which gained control of the Palestinian Authority through elections earlier this year, is expected to seek aid from the world's top oil exporter.

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On this day Saudi officials are playing host to a delegation from Hamas. It's the first official visit by the Palestinian group since it won the Palestinian elections in January. Hamas wants political and economic support, which it will need since the United States has said it will end all but humanitarian aid to a government led by Hamas. The group has refused to recognize the existence of Israel.

Palestinians depend on foreign aid totaling more than $1 billion per year and the Saudi kingdom has been one of the biggest financial backers and the Saudis have already told the American Secretary of State, Condoleezza Rice, that they will not deny aid to Hamas.

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