FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT APRIL 2011
PALESTINE EXCHANGE
ECONOMIC AND POLITICAL DEVELOPMENTS
Political Developments
The Palestinian economy faces several
challenges due to the Israeli occupation, yet,
and in spite of these difficulties, it possesses
great growth potential. Palestine owns an
advanced and sophisticated banking system
and a modern capital market which has the
confidence of the public. The Palestinian
economy continued to grow in 2010, but this
growth remains driven by the PA’s spending
financed by donor assistance.
The Palestinian Government Reform and
Development Plan (PRDP)
The Palestinian National Authority (PNA) has
worked hard to spread security, strengthen the
private sector, enhance investor confidence
and provide the proper investment
environment so as to confront Israeli policies
and prepare for state building on the 1967
borders.
Tangible results were witnessed in the first
three quarters of 2010 including:
• Increase in government local revenues (tax
and non-tax) by 17.3% thus reduced
dependence on foreign support.
• Decline in Government expenditures by
2.7%.
• Decline in the deficit of the government
general budget by 22.5%.
• Increase in the Gross Domestic Product
(GDP) by 9%.
• Increase in the GDP Per Capita by 5%.
• Decline in the Unemployment Rate by 24%.
*source of information: Palestinian Central Bureau of Statistics
(www.pcbs.org.ps)
Information obtained from the Exchange.
Key Information Contacts
Palestine Capital Market Authority: www.cma.gov.ps
Ministry of Finance: www.mof.gov.ps
Ministry of National Economy: www.met.gov.ps
Palestinian Investment Promotion Agency: www.pipa.gov.ps
Palestine Monetary Authority: www.pma-palestine.org
Palestinian Central Bureau of Statistics: www.pcbs.org.ps
Palestinian Economic Council for Development and Reconstruction: www.pecdar.org
Palestine Institute for Financial & Banking Studies: www.pifbs.com
Palestine Media Center: www.palestine-pmc.com
Custodian Bank - HSBC Bank Middle East: www.middleeast.hsbc.com
Settlement Bank - Arab Bank Palestine: www.arabbank.ps
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