The CEOs and senior executives of some of Palestine’s most successful companies are in London tonight to promote the benefits of investment and trade with the private sector in the West Bank, Gaza and East Jerusalem.
We’ll be reporting more on their visit, which has been organised by The Palestine Trade Centre (PalTrade) and the excitement here that has greeted their upgrades by such prestigious international ratings agencies as S & P and, soon to be confirmed, their inclusion in the all-important “Frontier” markets of the FTSE and MSCI.
And that’s not to mention that some of them may also be listed on the London Stock Exchange in the future…a welcome tribute to their success on the Palestine Stock Exchange (PEX), not so much for their share price rises but for the impressive dividends they have paid internationally despite all the adversities they have faced, and continue to face, as well as for their remarkable p/e ratios.
Most importantly, we’ll also be reporting on the vital work companies such as the Bank of Palestine, PalTel and Padico do in supporting social entrepreneurship, sustainable development, the creative arts and scholarships to study abroad, as well as the more traditional charities, in the occupied territories.
Their role, given the hoped-for relaxation of Israeli restrictions on checkpoints, internal and external travel, shipments and communications and on the use of the agricultural riches of the Jordan Valley and “Area C”, could be immense in helping to reduce Palestinian unemployment and increasing the productive output, and exports, of the territories.
And that’s something that the USA, the UK and the European Union are eager to see, given the increased sympathy their publics have for Palestinian rights, as well as the growing reluctance of their taxpayers to provide unending foreign aid to the Palestinian Authority in Ramallah when an end to the Israeli occupation could make Palestine self-sufficient.
Watch this space,
Thanks for reading,
© Pamela Ann Smith
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