December 2010


Main reports: Unemployment in the Palestinian Territory rose from 22.9% in Q2 2010 to 26.6% in Q3 2010. The increase is attributed to the influx of graduates into the job market in July. Unemployment in the West Bank and Gaza was 20.1% and 40.5% respectively.

The Palestinian Monetary Authority (PMA) plans to issue $50m of Islamic bonds in the first quarter of 2011. The bonds will provide the PMA with a new instrument to control liquidity in the Palestinian banking sector.

The Palestinian mobile operator, Wataniya, sold 15% of its share capital in an initial public offering (IPO). 38.7m shares were available at a price of $1.30 until 2 December.

Thousands of Palestinian workers, trade union members and representatives from the Palestinian Legislative Council participated in a strike against new tax laws on 2 December.