President Mahmoud Abbas Saturday accepted the resignation of Prime Minister Salam Fayyad and asked him to stay on as a caretaker government until a new one is formed. Fayyad submitted his resignation during a meeting with Abbas at the presidential head quarters in Ramallah, according to a report of the State of Palestine News Agency "WAFA." President Abbas stressed his high confidence in Fayyad and thanked him and his government for their efforts and hard work, praising the achievements of Fayyad's government in serving the national project and the building of the institutions of the independent State of Palestine during the difficult times. Fayyad expressed his deep appreciation for the confidence and ultimate support of Abbas to the work of the government during the past years.