Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Report: Palestinian Economy Flourishing Despite PA Financial Crisis
Error: Contact form not found.
by JNS.org
Palestinians shop at a mall in the West Bank city of Hebron on July 5, 2016. Photo by Wisam Hashlamoun/Flash90.
JNS.org – The Palestinian private sector in the West Bank is thriving, according to a report published on Sunday by the Israeli financial daily Globes, despite the Palestinian Authority’s financial difficulties.
The Palestinian public sector is struggling because until last week the PA refused to receive taxes collected for it by Israel, due to Israel’s deductions of the sums paid by the PA to terrorists and their families. PA leader Mahmoud Abbas has cut salaries of senior PA officials and fired 20 out of 30 advisers, according to the report.
Israel transferred approximately half of the funds last week, amounting to some NIS 2 billion ($570 million).
The private sector, however, is thriving, for a variety of reasons, according to Globes.
Foreign investment and aid is still flowing into the Palestinian territories, according to the report, an in addition exports from the West Bank into Israel are growing. Many Israeli Arabs are also shopping in Palestinian areas in the West Bank.
Another reason for the good economy, according to Globes, is that 130,000 Palestinian workers are employed in Israel, making on average two and a half times the average salary in the territories.
Furthermore, new building in the settlements is contributing to an increase in well-paying construction jobs.
