August 2014


Main reports: In Q2 2014 total unemployment in Palestine reached 26.3%, a sharp increase from Q2 2013. Unemployment in Gaza stood at 45.1% , its highest level since Q2 2008.

The Palestine Monetary Authority Business Cycle Indicator, reflecting the evolution of the business environment in Palestine, showed a highly unstable behaviour throughout Q2 2014, followed by sharp drops in July and August.

During the first half of 2014 total donor support to the Palestinian National Authority reached NIS 1.6bn, 34% less than during the first six months of 2013. The drop is explained by a decrease in contributions from non-Arab donors.

In August FastForward (FFWD), a Palestinian start- up accelerator based in Ramallah, selected three start-ups for a new round of acceleration.