Economy

Justice and couscous


The spirit’s resolve is an amazing tool for change and was the trigger for a remarkable group of women from Ein al-Sultan camp to come together a few years ago to devise an innovative way in which to break free from the shackles of their destitution. And so begins the inspirational story of Jericho’s women’s fair trade couscous cooperative. Gen Sander reports from Jericho. 

Palestinian economy: Foundation of a state or common burden?


Perhaps the most nuanced aspect of Palestinian suffering that goes more or less unnoticed is the abominable state of the Palestinian economy. The systemic and perpetual economic hindrances imposed upon the Palestinian economy by the Israeli occupation are viewed by most experts to be the primary impediment to allowing the Palestinian economy to reach its full potential. Sami Halabi analyzes for The Electronic Intifada. 

World bank assails Israeli chokehold on West Bank


WASHINGTON (IPS) - The West Bank’s economy continues to gasp for air despite increased international aid mainly because Israel keeps the Palestinian territory in a stranglehold, says the World Bank. Israel’s illegal settlements, security cordons, and hundreds of roadblocks pose the most significant obstacle to the movement of people and goods, the Washington-based bank says in a new assessment. Violence and vandalism by Israeli settlers further deters investment, it adds. 

Honey makes Hebron life a bit sweeter


HEBRON (IRIN) - The toughest part of the West Bank just got a bit sweeter, with an influx of beehives, helping farmers cope with the decline in their economic situation. Stuck between two Israeli settlements, the Palestinian residents of Wadi al-Ghrous in Hebron are surrounded by military bases and fences, their movements are restricted, and over the past 25 years they have been affected by Israeli land expropriations. 

Salam Fayyad's cynical party


The Palestine Investment Conference held from 21 until 23 May in Bethlehem has incited broad resistance from Palestinian popular organizations. In his invitation to investors appointed Palestinian Authority (PA) Prime Minister Salam Fayyad wrote, “We are throwing a party and the whole world is invited.” EI contributor Adri Nieuwhof writes. 

Investors warned about access to occupied Palestine


As hundreds of international investors begin arriving in Bethlehem for the Palestine Investment Conference scheduled for 21-23 May, the threat of being barred from entering the occupied West Bank by Israeli officials is likely to be foremost on everyone’s mind. Those hoping to actually invest in Palestine will be looking for answers regarding who will guarantee unhindered access in the future for themselves, their staff and the suppliers needed for investments to succeed in the Occupied Palestinian Territory. 

Too quiet in Gaza's harbor


GAZA CITY, 6 May (IPS) - It’s been strangely quiet for some time at the port in Gaza. No clanging of hooks, no sounds of creaking cranes or of thumping of nets upon decks. Boat engines, normally puttering and spewing exhaust, lie entombed under covers. Of the 40,000 fishermen and others who make a living from the catch, only about 700 are still busy, according to the Fishing Syndicate in Gaza. The boats need oil, and Israel will not let the fishermen have it. 

Israel's oil refineries privatized: the Palestinian economy perspective


Over a year has passed since Israel privatized its oil refineries in Haifa and Ashdod to private companies. The Haifa refineries were bought by a group of investors lead by the Ofer brothers, two of Israel’s richest capitalists through their company Israel Corp. The Ashdod refineries were bought by the Paz petrol company owned by Zadik Bino. What may appear to be an internal Israeli matter, has in fact a crucial impact on the Palestinian economy in the West Bank and Gaza Strip as well. 

Food prices double in besieged Gaza


“There have been rapid price increases over the last few months because of the closure. Three months ago, for instance, a liter of corn oil cost 19 shekels [the equivalent of $4.50]. Now it costs 29 shekels [$7]. The price of flour has also doubled; three months ago a kilo of flour was two shekels. Now our customers have to pay four shekels.” PCHR reports on how the siege has affected business owners like Anwar Abu al-Kass and the availability of food in Gaza. 

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