September 2012


Main reports: The Jerusalem District Electricity Company (JDECO) is reported to owe the Israeli Electric Corporation (IEC) $105m in outstanding debts.

Sadara Ventures, a $30m fund backed by Google Foundation, Cisco, Skoll Foundation and others, that invests primarily in early-stage Palestinian startups, has announced a $1m investment in Yamsafer, a Ramallah based startup.

A new UN report has concluded that without ‘sustained and effective remedial action’, including reconnecting Gaza with the West Bank, the deterioration of basic infrastructure in Gaza will render the region virtually uninhabitable by 2020.

In 2011 the illiteracy rate in the Palestinian Territory for individuals aged 15 and over was 4.7%, a major improvement on the rate in 1997 which was 13.9%.