Palestinians Offer First-Ever Corporate Bonds
Posted in Main Blog (All Posts) on May 13th, 2011 4:45 am by HL
Palestinians Offer First-Ever Corporate Bonds
Following a possible 10-day freeze on revenue collected on Palestinian goods that pass through Israel’s ports and airports, a Palestinian investment firm has issued the territory’s first-ever corporate bonds, which Palestinian leaders and businesses hope will strengthen the local economy. Israel imposed the freeze after Fatah, Palestine’s ruling party, made peace last week with its political rival Hamas, which refuses to recognize Israeli statehood. —ARK Al-Jazeera: PADICO, a publicly traded company that focuses on investment in the Palestinian economy, announced on Tuesday that it is issuing 7,000 five-year bonds which are worth $70m. … Issuing of the corporate bonds comes amid growing financial hardships for Palestinians, who have been subjected to an Israeli freeze on monthly transfer of funds. … “The delay in transferring funds is a yellow card for the PA after the signing of the agreement with Hamas,” Yuval Steinitz [Israel’s finance minister] said on public radio on Wednesday. Read more
Following a possible 10-day freeze on revenue collected on Palestinian goods that pass through Israel’s ports and airports, a Palestinian investment firm has issued the territory’s first-ever corporate bonds, which Palestinian leaders and businesses hope will strengthen the local economy.
Israel imposed the freeze after Fatah, Palestine’s ruling party, made peace last week with its political rival Hamas, which refuses to recognize Israeli statehood. —ARK
Al-Jazeera:
PADICO, a publicly traded company that focuses on investment in the Palestinian economy, announced on Tuesday that it is issuing 7,000 five-year bonds which are worth $70m.
… Issuing of the corporate bonds comes amid growing financial hardships for Palestinians, who have been subjected to an Israeli freeze on monthly transfer of funds.
… “The delay in transferring funds is a yellow card for the PA after the signing of the agreement with Hamas,” Yuval Steinitz [Israel’s finance minister] said on public radio on Wednesday.
?
Related Entries
- May 13, 2011 Bestselling Republican Buttons for 2012
- April 27, 2011 Florida Lawmakers Put Medicaid Under Budget Knife
The Death of the bin Laden Myth
With the 9/11 attacks, he not only killed thousands of people whose only crimes were to go to work, board airliners or rush to the scene of disaster as first-responders. Bin Laden also took 300 million prisoners: the rest of us. By Eugene Robinson
With the 9/11 attacks, he not only killed thousands of people whose only crimes were to go to work, board airliners or rush to the scene of disaster as first-responders. Bin Laden also took 300 million prisoners: the rest of us.
Related Entries
- May 13, 2011 Bestselling Republican Buttons for 2012
- April 27, 2011 Florida Lawmakers Put Medicaid Under Budget Knife
