- Wednesday April 16, 2014 5:35 AM (EST+7)
Israel thwarts telco Wataniya Palestine's Gaza launch
The boss of a telecoms company accused Israel of using sanctions to hold the Palestinian economy hostage after the Jewish state stopped his firm from importing equipment to launch services in Gaza.
- Tuesday March 12, 2013 2:51 AM (EST+7)
World Bank: Israeli curbs harm Palestinian economy long term
Israel's system of checkpoints and restrictions in the occupied West Bank inflicts long-term damage on Palestinians' ability to compete in the global market, the World Bank said on Tuesday.
- Wednesday Nov. 7, 2012 10:22 PM (EST+7)
Date farmers suffer Israeli occupation, Palestinian indifference
Former Palestinian governor Zuhair Manasreh is trying to make a go of
farming and exporting dates. But in the Jordan Valley, where Israel
controls most of the land and resources and there is little Palestinian
support, he is finding it an uphill battle, reports the Guardian.
- Monday Sept. 10, 2012 10:56 AM (EST+7)
Palestinians seeks to amend economic accord with Israel
The cash-strapped Palestinian Authority said on Sunday it has asked
Israel to consider overhauling a key economic agreement that has
determined its customs and tax rates for the past 18 years, in the wake
of street protests against high prices.
- Thursday June 16, 2011 2:33 PM (EST+7)
Israel hits record high in arms sales
Israeli defense companies hit a record high in arms sales in 2010, reports the Jerusalem
Post, making it one of the world's top four arms exporters.
- Thursday May 12, 2011 11:01 AM (EST+7)
Venture lets Palestinians buy piece of West Bank
Palestinians can make a political statement and a financial return by
buying a piece of the West Bank in a new venture designed to anchor
their ownership of the Israeli-occupied territory.
- Wednesday April 13, 2011 9:44 AM (EST+7)
Israel reopens Gaza crossing shut during fighting
on Wednesday reopened a commercial crossing with the Hamas-ruled Gaza Strip that was shut for seven days,
as a lull in cross-border fighting continued, an Israeli spokesman said.
- Wednesday April 6, 2011 4:31 PM (EST+7)
IMF gives thumbs up to Palestinian financial policy
International Monetary Fund has given the Palestinian Authority a strong
vote of confidence, saying it is capable of running a national economy
just as it pushes for UN recognition.
- Wednesday March 2, 2011 9:43 AM (EST+7)
Israel permits tomato exports
Israel further eased its blockade of the Hamas-ruled Gaza Strip on
Wednesday by permitting a first truckload of cherry tomatoes destined
for Europe to pass through their common frontier, officials said.
- Thursday Feb. 10, 2011 1:42 PM (EST+7)
Egyptian unrest undermines tunnel business
Unrest in Egypt has slowed the smuggling of some commercial goods into
the neighboring Gaza Strip through border tunnels, a Palestinian
smuggler said on Thursday.
- Wednesday Feb. 9, 2011 10:07 AM (EST+7)
Palestinian launches first private equity fund
A Palestinian businessman has launched the first private equity fund to
support small and medium enterprises in the West Bank, reports Reuters.
- Sunday Jan. 30, 2011 1:49 PM (EST+7)
Israel stocks fall with Egypt unrest
The Israeli stock market saw its greatest single-day decline since May
on Sunday, after widespread unrest in Egypt.
- Saturday Jan. 15, 2011 11:55 AM (EST+7)
British retailer drops Dead Sea products
The British retailer John Lewis has stopped stocking products of the
Israeli company Ahava after Palestinian activists threatened a boycott
of the company.
- Tuesday Jan. 11, 2011 1:23 PM (EST+7)
Israeli company counters Palestinian investment bid
An Israeli businessman has countered an offer made by Palestinian
investor Bashar Masri to buy out a failing construction company
responsible for settlement housing in Jerusalem.
- Monday Jan. 10, 2011 10:57 AM (EST+7)
Palestinian businessman fights to take over settlement company
Palestinian-American businessman Bashar Masri has set his sights on
owning a failing construction company responsible for Jewish-only
housing in East Jerusalem.
- Wednesday Dec. 1, 2010 7:50 AM (EST+7)
Jobs, new technologies sparse in growing IT sector
The Palestinian IT sector is being squeezed from both ends - new graduates aren't finding jobs, and companies are lagging behind in new technologies.
- Sunday Oct. 31, 2010 11:30 AM (EST+7)
Ramallah to open first luxury hotel
The bustling Palestinian town of Ramallah plans to open its first
five-star hotel on Monday, marking another benchmark in the struggle
- Tuesday Oct. 26, 2010 1:18 PM (EST+7)
Israel considers law prioritizing Jerusalem development
Israel's parliament will consider a law making the city of Jerusalem a
national priority area for development.
- Friday Oct. 15, 2010 9:11 AM (EST+7)
Wataniya to go public
The Palestinian telecommunications provider, Wataniya, has announced it will go public in November, according to Arabian Business.
- Thursday Oct. 14, 2010 3:00 PM (EST+7)
West Bank firms encounter new laws in Gaza
Palestinian firms in the West Bank say the Hamas group which governs the
Gaza Strip is planning new business regulations that will deepen an
economic and political chasm between the territories.
- Sunday Oct. 10, 2010 2:00 PM (EST+7)
Flood of Israeli goods crushes Gazan producers
Want to know how the opening of Gaza's borders to more produce and goods
has effected the economy?
- Wednesday Sept. 15, 2010 1:56 PM (EST+7)
Palestinian economy soars in 2010
The Palestinian economy has undergone tremendous growth in the West Bank
and Gaza Strip in the first half of 2010, according to the
International Monetary Fund.
- Sunday Sept. 12, 2010 10:46 AM (EST+7)
Report: Quartet envoy applied political pressure to aid client
Quartet Mideast envoy Tony Blair is on the payroll of an investor in a
Palestinian telecommunication company on whose behalf he pressured
Israel, reports the Daily Mail.
- Tuesday Aug. 24, 2010 8:58 AM (EST+7)
Palestinian Authority slashes spending on vehicles
The Palestinian Authority said on Monday it would implement measures to
save on fuel and maintenance for its fleet of 2,000 vehicles, as part of
spending cuts spurred by a decline in funding from Arab countries.
- Wednesday Aug. 18, 2010 4:38 PM (EST+7)
PADICO cautious amid rising profits
West Bank stability has helped Palestine Development and Investment Ltd
(PADICO) increase profits this year, but the holding firm says political
uncertainty has kept a brake on expansion.
- Tuesday Aug. 17, 2010 2:33 PM (EST+7)
Gaza's once vibrant tunnel trade caves in
Israel's decision to let imports flow more freely to Gaza has put many
tunnels out of business and many workers out of a job.
- Monday Aug. 16, 2010 4:58 PM (EST+7)
Private equity giant to open office in Ramallah
Abraaj Captial, the largest private equity group in the Middle East is
set to open up an office in the Palestinian city of Ramallah.
- Thursday July 22, 2010 9:06 PM (EST+7)
Abbas: Saudi-backed project could transform Ramallah area
Palestinian president Mahmoud Abbas said Thursday that a $400 million
Saudi-backed construction project could make the Ramallah area a
regional financial hub, reports Bloomberg news.
- Monday July 19, 2010 5:41 PM (EST+7)
Palestinians build solar power car
A team of Palestinian students at the Palestinian Polytechnic University
in Hebron have built a solar power car from scratch.
- Friday July 16, 2010 8:36 PM (EST+7)
Joint venture may be 'bridge of peace'
A joint venture between a Palestinian and Israeli company may be taking
shape in the cutting edge industry of alternative energy.
- Sunday June 20, 2010 10:52 AM (EST+7)
Granted chocolate and cilantro, Gazans remain unimpressed
New regulations allow Palestinians to import small quantities of
delicacies, but without access to raw materials such as cement, Palestinians say that Israel is merely continuing an
economic war against the Gaza Strip.
- Saturday June 19, 2010 12:43 PM (EST+7)
Disabled Gazan workers anxiously await Israeli allowances
In January 2009, Israel stopped transferring benefits to Gaza-based
Palestinians who were injured at work in Israel.
Read more on labor...
- Wednesday June 2, 2010 9:39 AM (EST+7)
Flotilla attack strike shuts Jerusalem’s Old City bazaars
Jerusalem’s famous Old City souks and bazaars were firmly closed to
business on Tuesday in reaction to Israel’s interception of a fleet of
ships bringing aid to Gaza.
- Sunday May 30, 2010 4:45 PM (EST+7)
A unique Arab enterprise in Israel’s high-tech community
Imad Telhami is an Arab-Israeli businessman whose IT company Babcom is on the cutting edge of peaceful integration.
- Sunday May 30, 2010 8:25 AM (EST+7)
Palestinians seek to attract Arab-Israeli investors
Efforts are underway to lure investors away from Israeli markets to the
Palestinian stock market, a Palestinian official said Saturday.
- Saturday May 29, 2010 11:40 AM (EST+7)
Palestinians: Israeli threats to halt tax revenues ‘dangerous’
Palestinian officials warned Israel Thursday against blocking the
transfer of taxes it collects on the Palestinian government’s behalf.
- Saturday May 29, 2010 8:26 AM (EST+7)
With Gaza market gone, Palestinians turn to Europe
Israel's blockade of the Gaza Strip has denied businessman Mazen
Sinokrot access to a third of the Palestinian market and forced him to
- Wednesday May 19, 2010 4:21 PM (EST+7)
Palestinian girls win top prize at US science fair
Three Palestinian girls from the Askar Refugee Camp in Nablus have claimed the top prize at the world's preeminent science fair in the Silicon Valley.
- Sunday May 16, 2010 11:34 AM (EST+7)
International activism grows village economies
International activists visible at Palestinian demonstrations against
the Wall and settlements are welcome additions to small village
economies, Palestinians say.
- Wednesday April 28, 2010 4:51 PM (EST+7)
Palestinian girls reinvent walking stick for the blind
Three Palestinian girls from the West Bank city of Nablus have won a
trip to Intel Corp.'s international youth science fair in San Jose,
California for inventing a laser-sensor walking stick for the blind.
- Tuesday April 27, 2010 10:33 AM (EST+7)
Palestinian wins surprise scholarship
A Birzeit University student, Waed Taweel, was stunned when the
president of Babson College in the United States walked up to her and
offered her a scholarship for the school's masters program in business.
- Monday April 26, 2010 8:12 PM (EST+7)
UPDATE: Palestinian PalTel Q1 net profit up 20.8 percent
The Palestine Telecommunications Co (PalTel) has not yet felt
the sting of competition from its first rival in the Palestinian
territories, posting a 20.8 percent rise in first-quarter net profit.
- Monday April 26, 2010 6:56 PM (EST+7)
Abbas orders ban on Israeli settler goods
Palestinian President Mahmoud Abbas on Monday banned trade in goods
made by Israelis living in West Bank settlements, stepping up a campaign
to build support for an international ban.
- Monday April 19, 2010 9:44 AM (EST+7)
Palestinian pound faces numerous hurdles
Creation of a domestic currency is sure to run afoul of numerous
obstacles --nevertheless, the Palestinian Monetary Authority recently
announced plans to issue its own coin.
Read more about Palestinian economy
- Tuesday April 13, 2010 1:51 PM (EST+7)
World Bank gets behind Palestinian state-building project
The World Bank has soundly endorsed the Palestinian goal of
state-building, calling for concerted international efforts to support
the national project.
- Tuesday March 9, 2010 12:15 PM (EST+7)
Palestinians: visa restrictions block trade
Israeli visa restrictions are the main obstacle to foreign investment
in the West Bank and the Gaza Strip, the Palestine Trade Centre
(PALTRADE) said in a report on Monday.
- Thursday March 4, 2010 7:47 AM (EST+7)
In Gaza, scavenging keeps hunger at bay
Gaza's poor find themselves scavenging for pebbles to earn a few dollars a day.
- Thursday Feb. 25, 2010 7:35 AM (EST+7)
In seaside Gaza, fish in short supply
With their fishermen at risk of being shot at by the Israeli navy,
Palestinians in the Gaza Strip are finding new ways to supply the
blockaded territory with a staple that is in short supply.
- Sunday Feb. 21, 2010 11:21 AM (EST+7)
Palestinian unemployment shows gradual decline
Palestinian unemployment has gradually declined since late 2008, reported the Palestinian bureau of statistics Sunday.
- Wednesday Feb. 10, 2010 12:46 PM (EST+7)
Power struggle means dark Gaza nights
Palestinian Authority attempts to get the Gaza fuel company to pay up
its debts is forcing Gaza residents to spend nights in the dark.
- Saturday Jan. 16, 2010 10:05 AM (EST+7)
Without Israeli approval, Palestinian town only a dream
Like so many other Palestinian projects, Israeli approval stands in the way of a new Palestinian town being built in the West Bank.
- Friday June 5, 2009 1:04 PM (EST+7)
Western-backed Palestinian phone deal in peril
The company Wataniya Palestine, that was recently rewarded a license to build a new mobile phone network is demanding its investment back unless Israel releases promised radio frequencies. The collapse of this company could be hard on the economy in Palestine.
- Thursday April 23, 2009 1:51 PM (EST+7)
EXCLUSIVE-War-ravaged Gaza power company pays shareholders
Running a power plant in Gaza might sound like a losing venture but,
thanks to payments from the cash-strapped Palestinian government, its
owners are making profits and promise another year of "unstoppable
- Thursday April 23, 2009 6:57 AM (EST+7)
Firms run by President Abbas's sons get US contracts
Companies owned by the sons of the Palestinian president have won $2.5 million in US contracts in recent years. The firms say they won the contracts fair and square.
- Wednesday April 22, 2009 10:31 AM (EST+7)
First Hamas-licensed bank opens in Gaza
Hamas licenses a bank in Gaza, seeking to bypass Western restrictions on the transfer of money.
- Monday Feb. 23, 2009 10:27 PM (EST+7)
Palestinian spies used Google to aid Israel in war, says Hamas
Hamas claims some Palestinians used Google technology to assist Israel in its air raids on Gaza last month.
- Monday Feb. 23, 2009 9:43 PM (EST+7)
Officials: Israel in a recession since 2008
New data shows that Israel is in a recession.
- Saturday Jan. 24, 2009 12:35 PM (EST+7)
Laptops donated to Gazan children
Thousands of laptops donated to Gaza children.