Main reports: The new Movable Assets Law came into effect on 27 May, establishing a crediting mechanism that could aid in attracting local and foreign investors to the Palestinian econom. The Ibtikar Fund announced its first investments in eight Palestinian startups at its official launch on 30 May.
The Palestine Investment Fund (PIF), the PNA’s sovereign wealth fund, recently expanded its portfolio to include 10% of the shares of the Jerusalem District Electricity Company (JDECO).
The Palestine Monetary Authority Business Cycle Index (PMABCI) for May showed an improvement in Palestine’s overall index, due to an increase in the West Bank.