October 2010


Main report: Palestinian membership of the International Chamber of Commerce (ICC) was granted on 14 September. The subsequent establishment of a Palestinian-Israeli arbitration centre is hoped to improve the resolution of commercial disputes between Israeli and Palestinian businessmen.

The Ad Hoc Liaison Committee (AHLC) for assistance to the Palestinian Authority (PA) met in New York on 21 September. The PA was praised for its reform effort in 2010. Donors were asked to fill the fiscal gap for the remainder of 2010.

Private sector credit from the banking sector was $1.8bn at the end of July 2010, up from $1.5bn at the beginning of the year. The credit to deposit ratio was 42%, up from 34% at the beginning of the year.

A new 5 star Mövenpick hotel is due to open in Ramallah in October with 172 rooms. At the end of Q2 2010 the number of hotel guests to the Palestinian Territory was up 42% compared to the same period last year.