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Economists to work and create a conductive and encouraging investment atmosphere

2007-09-10

Economists to work and create a conductive and encouraging investment atmosphere

 

Yesterday evening economists called on creating a conductive atmosphere which encourages investments and promotes the Palestinian economic activity at various levels.

 

One of the most important characteristics of the local investment funds advanced the important rold they play in attracting foreign investment to emerge the financial market, "This is also a very important market for Palestine, and is essential to attract foreign investors, which it is difficult to visit Palestine because of the political situation and security difficulties, but can invest through funds Palestinian managed by specialized companies. "
At the level of domestic investment, said Almasri: The specialized investment funds would provide opportunities for the individual investor, few experience and knowledge of circulation in the capital markets, and to achieve return on investment from Majdi.
He said that the presence of investment funds and fund management companies focusing on the Palestinian market need for the advancement of this market, adding that a "path" and found that the appropriate opportunity to do so, "We have set up the first management company investment funds in Palestine a few years ago," but we faced several problems The obstacles have not been able so far to activate the fund.

Obstacles to establish investment funds

He added: "The first problem we faced was the absence of a specialized body, in a timely manner, license management company funds that we establishment,attending to the Monetary Authority, which has licensed the company, but treated banks, to the absence of laws governed at the time, had been seized from the top of Section money is also applicable to banks, the Monetary Authority repeatedly to disclose the company"s fundamentals, which are quite different from commercial banks fundamentals, such as treasury and protection system.
The founding of the Capital Market Authority, and approval of the Securities Act of 2004, which governs the management of funds, issuing instructions for the establishment and management of licensing and investment funds "a great achievement for the capital market, and that was supposed to be dealt with the biggest obstacle to the fund management companies and the funds themselves, and we became founding Palestinian investment funds and management companies specialized license. "

The Income Tax Act last obstacle

But Almasri referred to the final obstacle to the establishment of investment funds is in the Income Tax Act, which became final hurdle to start a fund, "which imposes a tax on profits Cape financial funds as financial companies, and this law in place in most countries of the region, which exempt investment funds tax and because of duplication of tax and to encourage investment. "
Almasri  Income Tax Act Palestinian "contrary to the same terms that the individual does not pay tax on profits Cape financial, and therefore knew that if bought the shares on behalf of the Palestinian market, it reaps all the profits, if invested through the Palestinian Fund, it pays tax on this the profits, and therefore will not invest in the fund. "
He continued: "The current law discriminates between the Fund and the Palestinian foreign funds, it does not impose a tax on foreign fund, which is good, but must be treated equally Palestinian Fund, and only, there will be no Palestinian investment fund effectively as is the case now, nor will see any investment fund in the light of Palestine. "
Almasri appealed to the government quickly amend the law quickly through a presidential decree, the abolition of profit tax on financial Cape Palestinian investment funds, "We believe that after the amendment of the law, would look several companies founded investment funds in the near future."

 

2018-02-22
The PEX records average PE of 13.8x and average P/BV of 1.23x

2018-02-21
NSC posts net income of JD0.37 million at the end of 2017

2018-02-21
UCI records net income of $0.68 million at the end of 2017

2018-02-21
TIC proposes 10% cash dividends for the year 2017

2018-02-19
APC reports net income of JD1.20 million at the end of 2017

2018-02-19
PIBC reports net income of $3.91 million at the end of 2017

2018-02-19
PID realizes net loss of JD0.01 million at the end of 2017

2018-02-19
PRICO realizes net loss of JD13.49 million at the end of 2017

2018-02-19
RSR reports net income of JD0.48 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
NIC posts net income of $7.70 million at the end of 2017

2018-02-19
JCC posts net income of JD0.51 million at the end of 2017

2018-02-19
ABRAJ records net income of $2.25 million at the end of 2017

2018-02-18
WASSEL posts net income of 0.06 million at the end of 2017

2018-02-18
SANAD records net income of $10.05 million at the end of 2017

2018-02-18
BPC records net income of $10.28 million at the end of 2017

2018-02-18
PADICO posts net income of $5.68 million at the end of 2017

2018-02-18
WATANIYA realizes net losses of $6.64 million at the end of 2017

2018-02-18
NCI posts net income of $0.16 million at the end of 2017

2018-02-18
AHC realizes net losses of JD1.52 million at the end of 2017

2018-02-18
AIB posts net income of $6.40 million at the end of 2017

2018-02-18
JPH records net income of $6.18 million at the end of 2017

2018-02-18
AIG posts net income of $3.12 million at the end of 2017

2018-02-18
JREI posts net income of $0.01 million at the end of 2017

2018-02-18
MIC posts net income of $3.26 million at the end of 2017

2018-02-18
LADAEN records net losses of JD0.05 million at the end of 2017

2018-02-18
PIIC records net income of JD5.50 million at the end of 2017

2018-02-18
AZIZA posts net income of JD3.18 million at the end of 2017

2018-02-18
APC proposes 50% cash dividends for the year 2017

2018-02-18
PALTEL recommends 40% cash dividends for the year 2017

2018-02-18
GUI proposes 20% stocks dividends and 10% cash dividends for the year 2017

2018-02-18
NIC proposes 25% stocks dividends and 25% cash dividends for the year 2017

2018-02-18
ELECTROODE proposes 12% cash dividends for the year 2017

2018-02-18
NAPCO proposes 5% cash dividends for the year 2017

2018-02-18
BOP proposes 13.5% cash dividends for the year 2017

2018-02-18
TRUST proposes 50% stocks dividends and 20% cash dividends for the year 2017

2018-02-15
A momentum in the dividends proposals and varied financial performance for the blue-chips

2018-02-15
TNB posts net income of $9.20 million at the end of 2017

2018-02-15
AQARIYA posts net income of JD 0.39 million at the end of 2017

2018-02-15
PALTEL posts net income of JD70.53 million at the end of 2017

2018-02-15
PALAQAR records net income of JD3.77 million at the end of 2017

2018-02-15
GUI records net income of $3.77 million at the end of 2017

2018-02-15
PEC posts net income of $8.64 million at the end of 2017

2018-02-15
GMC posts net income of JD1.78 million at the end of 2017

2018-02-15
TIC records net income of $2.19 million at the end of 2017

2018-02-15
BJP posts net income of JD1.64 million at the end of 2017

2018-02-15
ISBK records net income of $14.53 million at the end of 2017

2018-02-15
PICO reports net income of $4.79 million at the end of 2017

2018-02-13
TRUST records net income of $5.43 million at the year 2017

2018-02-13
PSE reports net income 0.68 million at the year 2017

2018-02-13
BPC proposes 2.7% stocks dividends and 20% cash dividends for the year 2017

2018-02-13
ELECTRODE posts net income JD0.07 million at the year of 2017

2018-02-12
VOIC posts net income of JD6.83 million at the end of 2017

2018-02-11
APIC reports net income of $17.44 million at the end of 2017

2018-02-08
Inactivity state in the market with the approaching end of the disclosures’ period

2018-02-08
VOIC recommends 60% cash dividends for the year 2017

2018-02-07
QUDS posts net income of $11.18 million for the year 2017

2018-02-06
ARAB reports net income of JD0.05 million for the year 2017

2018-02-05
PCMA and JSC signed memorandum of understanding

2018-02-05
BOP proposes distributing 13.5% cash dividends for the year 2017

2018-02-05
Nasdaq and Palestine Exchange sign new market technology agreement

2018-02-05
BOP reports net income of $54.00 million at the end of 2017

2018-02-01
NAPCO records net income of JD0.46 million at the end of 2017

2018-02-01
Several transactions in the PEX and the companies have started their disclosures

 

 

 
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