In a significant development, President Mahmoud Abbas has appointed Mohammad Mustafa as the new Prime Minister of Palestine, as reported by WAFA and AP on Friday (March 15). Mustafa succeeds Mohammad Shatayeh, who resigned along with his government amidst the ongoing Israeli invasion of Gaza.

The resignation of Mohammad Shatayeh and his government amid escalating tensions in Gaza had intensified pressure on President Mahmoud Abbas to form a new government in the Occupied Palestinian Territories. In response, Abbas has chosen Mohammad Mustafa to lead the new administration, marking a pivotal transition in Palestinian governance.

Mohammad Mustafa, 69, hails from Tulkarem in the West Bank and brings a wealth of experience to his new role. An accomplished economist, Mustafa previously served as the Deputy Prime Minister and Finance Minister of Palestine. Additionally, he currently holds the position of chairman of the Palestine Investment Fund, further underscoring his expertise in economic affairs.

With a doctorate in economics from George Washington University, Mustafa boasts an illustrious career that includes 15 years of service at the World Bank. Throughout his tenure, he has earned a reputation as a trusted economic advisor to President Mahmoud Abbas, playing a pivotal role in shaping Palestine's economic policies and strategies.

As the new Prime Minister, Mohammad Mustafa is expected to navigate the complex challenges facing Palestine, including the ongoing conflict with Israel and the urgent need for economic development and stability. His extensive experience and deep understanding of economic dynamics position him as a capable leader to spearhead initiatives aimed at fostering prosperity and progress in the region.

With his appointment, Mohammad Mustafa assumes a critical role in advancing the Palestinian cause and representing the interests of the Palestinian people on the global stage. As he takes office, Mustafa's leadership will be closely watched, with hopes for positive outcomes and meaningful progress towards peace and prosperity in Palestine.