ANOTHER WIN FOR THE PALESTINIAN NAVY:

Gaddafi Jr.: Libya to funnel $50M to Gaza (Roee Nahmias, 07.15.10, Ynet)

Saif al-Islam Gaddafi, chairman of the Gaddafi International Charity and Development Foundation which tried to send an aid vessel to Gaza, says he reached an Egyptian-mediated agreement with Israel on Wednesday, allowing him to infuse $50 million for the restoration of the Strip and transfer construction materials to Gaza.

"We go the grapes, so why kill the vineyard guard?" the son of Libyan leader Muammar Gaddafi told the London-based Arabic-language al-Sharq al-Awsat newspaper.

"We will soon start funneling $50 million in coordination with UNRWA (the United Nations Relief and Works Agency for Palestine Refugees) to begin rebuilding Gaza and transfer humanitarian aid and construction materials, without any objection on the part of the Israeli government."