Africa Business News

Ireland, Norway, and Spain have announced they will formally recognise a Palestinian state Spain and Ireland said the decision was not against Israel nor in favour of Hamas, but rather in support of peace. Israel reacted angrily, warning the move would mean more instability in the region and recalling its ambassadors to all three countries. Both Hamas and its rival, the Palestinian Authority, have welcomed the recognition. Norway was first to make its announcement Wednesday in a move co-ordinated with the other two countries. Prime Minister Jonas Gahr Støre says that the move was in support of moderate forces that are on a retreating front in a protracted and cruel conflict.