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Some positive indicators on the sidelines of Palestine Investment Conference 2010

2010-06-02

-          The Palestinian economy is expected to reach real growth in the GDP of %7 compared to %6.8 in 2009 and %5.9 in 2008.

-          The Palestinian National Authority amended a number of laws during the past three years, especially the income tax law. The amendment solved the tax replication and allowed foreign companies to register with the PNA as foreign operating companies.

-          The gross assets of banks operating in the West Bank and Gaza Strip totaled $8.2 billion by the end of the first quarter of 2010, compared to $7.3 billion last year.

-          The Banks Association Banks in Palestine said that banks profits hit the figure of $42 million during the first quarter of this year which is the highest profit value compared with the first quarter of 2008 and 2009.