TITLE

Palestinian Authority to divest of state-owned assets

PUB. DATE
December 2004
SOURCE
Middle East;Dec2004, Issue 351, p46
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that in an effort towards a free Palestinian economy, the Palestinian Authority (PA) has sold stateowned assets worth$ 600m. The PA, which is hundreds of millions of dollars in debt, has started divesting shares in large government-owned companies to keep its budget deficit under control. The Palestinian Investment Fund, founded at the end of 2002 and with direct control of PA investments in the Occupied Territories and overseas, has sold 35% of its stock in Jawal--a Palestinian cellular telephone company, to raise more than$ 40m.
ACCESSION #
15264491

 

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