President Abbas is expected to appoint Mohammed Mustafa as new designated PM by Thursday.

Mustafa would then be given two weeks to form a new cabinet.

Mohammed Mustafa is the current chairman of the Palestine Investment Fund.

The 70-year-old Tulkarem native served as Deputy PM for Economic Affairs in 2013 and as PM and Minister of National Economy from 2013-2015, during which he led the reconstruction of Gaza post the 2014 war.

Aljazeera.