Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

3G services in 6 months in the West Bank

2017-04-10

BETHLEHEM (Ma'an) – The Palestinian Authority (PA) and Israel signed an agreement that would allow Palestinian mobile service providers to offer 3G services to their Palestinian customers. Hebrew language news outlets reported that the agreement was signed by the undersecretary of the Palestinian Ministry of Telecommunications and Information Technology Suleiman al-Zuheiri and a representative of the Israeli Ministry of Communication. A spokesperson for COGAT, the Israeli agency responsible for implementing Israeli policies in the occupied Palestinian territory, confirmed the news in a statement. The statement said that the agreement was deemed an important step for Palestinians in the field of telecommunications, adding that it was expected to assist the Palestinian economy through a dramatic increase of revenues telecommunications companies are expected to receive owing to the agreement. The statement also applauded COGAT’s own efforts to forge the agreement despite obstacles, while pointing out that some three million Palestinians already used mobile services from Palestinian companies, in addition to 300,000 who use Israeli mobile providers. Israeli authorities had previously barred Palestinian phone companies from offering 3G for alleged Israeli security concerns, leading many Palestinians to switch to Israeli phone providers. In a 2016 report, the World Bank reported that the Palestinian mobile sector lost more than $1 billion in revenue between 2013 and 2015. The World Bank listed several constraints that contributed to heavy losses sustained by mobile telecoms companies in the Palestinian territory, including the presence of unauthorized Israeli operators in the Palestinian market and Israeli restrictions placed on the import of equipment for telecom and ICT companies into the territory. In November 2015, Israel and the PA signed an agreement to enable long-awaited 3G mobile access in the occupied Palestinian territory. Israel had so far refused to provide mobile phone operators with additional 2G frequencies, let alone 3G or 4G technology, which was offered to six Israeli companies in January 2015.Despite the agreement, “Palestinian operators remain at a competitive disadvantage because Israeli operators have 3G and 4G capabilities and are able to attract higher value customers,” the World Bank said. Over 20 percent of the market volume in the occupied West Bank is captured by unauthorized Israeli operators, according to the report, largely due to the fact that Palestinian companies do not have access to the more than 60 percent under Israeli military control known as Area C. Palestinian mobile operators are also required to go through an Israeli-registered company to access international links. The lack of access to 3G mobile technology in the occupied Palestinian territory has long provided an added obstacle to economic and technological growth. A report released in 2015 by the Palestinian think tank Al-Shabaka said that operators in Palestine lost an estimated $80 to $100 million annually as a result of the lack of 3G.


 

2017-05-25
Dividends yield reports 5.8% in the PEX

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013