May 2012


Main reports: Ahead of the UNCTAD XIII Conference a panel discussion considered potential areas for Arab cooperation to assist the Palestinian economy.

VAT revenues increased from NIS 2.4bn in 2008 to NIS 3.3bn in 2011.

PADICO and the Palestine Investment Fund announced the launch of a new company to develop the Jericho Agro- Industrial Park.

The EU and the Swiss Agency for Development launched the start of a three-year programme supporting the Palestinian olive sector.

USAID announced that it will contribute $22.6m in food and cash to the UN World Food Program in the West Bank and Gaza.

Palestinian Airlines has resumed weekly flights.