Abbas may be seen by his opponents & Israel as a weak & irrelevant leader, but his power is guaranteed through his control of the multi-billion-dollar Palestinian National Fund, which finances PLO and PA’s battle against Israel around the world.
Doron Peskin, Calcalist
Israelis tend to see Palestinian President Mahmoud Abbas as a weak and dull leader who has lost his control and influence over the Palestinian street, and is therefore no longer relevant.
That may be true, but the veteran 80-year-old leader holds a huge amount of power in at least one area in the Palestinian arena: He controls the billions of dollars of the National Palestinian Fund, the most important economic body in the Palestinian Authority, whose main activity takes place out of the limelight and whose name has been linked in recent years to outrageous lack of transparency and wide-scale corruption activities.