April 2009


Main reports: Israeli Arabs will be able to access Nablus, Tulkarm and Jenin by car on Saturdays by the end of April. The Palestine Investment Fund (PIF) and the Nablus Municipality agreed to build a JD 25m crafts and light industries complex in Nablus by 2010.

PADICO, the largest holding company in the Palestinian Territory, is reviewing restructuring options to better integrate its companies. Paltel, a subsidiary of PADICO, is close to finalising the partnership deal with Zain Communications.

MENA Geothermal has been awarded a 2009 Energy Globe Award for its application of geothermal heating and cooling technology at the Union Construction and Investment Corporation (UCI) headquarters in Ramallah.

The Israeli-Palestinian Chamber of Commerce held its first B2B meeting in February 2009. The Chamber started work in early 2009 and recently appointed Ofir Gendelman as its Chief Executive Officer. It is hoped that the Palestinian- Israeli Chamber of Commerce will be established in due course.