September 2010


Main reports: Unemployment in the West Bank fell from 16.5% in Q1 2010 to 15.2% in Q2 2010 (according to the ILO definition). In Gaza, unemployment rose from 33.9% to 39.3% over the same period.

The private equity industry continues to develop. Abraaj has recently opened an office in Ramallah and appointed a fund manager. Siraj is currently reviewing the 25 investment proposals it received over the last three months.

On 4 August HSBC announced plans to expand its credit portfolio and range of banking services offered in the Palestinian Territory.

Preparations are underway for the launch of a Palestinian Employment Fund by the end of the year. An international fundraising conference is planned for November.