The Arab League pledged from Cairo on Sunday to provide $100 million a month to support the Palestinian Authority and help it confront political and financial pressure from Israel. The foreign ministers of the Arab League underscored the need to implement the 2002 Arab peace initiative, international resolution and the land-for-peace concept, refusing any deal that does not adhere to these references. The ministers were referring to so-called “deal of the century” peace plan that is being drafted by the administration of US President Donald Trump. Such a deal will fail in achieving permanent and comprehensive peace in the Middle East, they continued. Addressing the extraordinary foreign ministers meeting, Palestinian President Mahmoud Abbas said "the Arabs need to be engaging actively at this critical time." The Palestinians reject the deal and demand Israel fully withdraw from all occupied territories, he added. American officials have said last week that the deal could be unveiled after the holy month of Ramadan, which ends in June.