Economy

Restrictions on defense sales to Israel deal hard blow to UK exporters


Defense industry exporters in the UK have reported significant losses due to a government policy to restrict the sale of military equipment to Israel. British defense exports to the Jewish state dropped from 22 million British pounds ($35.7 million) to GBP10 million over the past year, reported Guardian. Britain imposed a de facto arms embargo on Israel last year, applying to military equipment that could be used in Israel’s continuing operations in the Palestinian territories. Each application must be examined on a case-by-case basis. 

UN-backed meeting to prepare for Arab forum on Palestine rehabilitation


United Nations agencies have teamed up to organize a preparatory meeting for an international forum next year that would aim to keep the social and economic issues and needs in the occupied Palestinian territories on the agenda of the international community, in spite of the lack of stability in the region. The two-day consultative meeting, which begins tomorrow in Beirut, will serve to provide input to the Arab-International Forum on “Palestine Rehabilitation and Development” next year. 

European Commission takes action with EUR 100 million to improve conditions and accelerate relaunch of the Palestinian economy


Following the recent positive developments in the Palestinian Territories and the withdrawal of IDF forces from parts of the Gaza Strip and Bethlehem, the European Commission is urgently delivering a €100 million package of financial assistance to support the implementation of the Road Map for Peace. 

Seminar on Assistance to Palestinian people holds panel on coping strategies for Palestinian economy

A United Nations Seminar on Assistance to the Palestinian People this morning held a panel discussion on the theme “Looking Ahead: Coping Strategies for the Palestinian Economy”. Experts addressing the Seminar spoke about the Palestinian perspective of the economic recovery, prospects for a longer-term economic development, the economy of an independent Palestinian State, and of donor strategies and assistance coordination. 

UN Seminar on Assistance to Palestinian People holds panel on priorities for humanitarian and economic assistance


A United Nations Seminar on Assistance to the Palestinian People this afternoon held a panel discussion on priorities for humanitarian and economic assistance for Palestinians with experts speaking of the need to support the Palestinian Authority’s budgetary needs, to restore essential services in the occupied territories, to rehabilitate the physical infrastructure and agricultural land, to reduce unemployment and poverty, to alleviate the plight of refugees through the support of UNRWA, and to boost the recovery of the private sector. 

New survey shows that ordinary Israelis and Palestinians are keen to move forward with the Road Map and are in favour of starting economic cooperation

A specially commissioned poll to coincide with the World Economic Forum’s Global Summit of Peace and Reconciliation in Jordan shows huge agreement between the majority of Palestinians and Israelis concerning the peace process. 

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