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We will its see repercussions in the market this week: the unity breezes blowing from Cairo and Ramallah in readiness for reconstruction Gaza

2009-03-01

Jafar Sadaqa wrote:
This time, it seems that the national unity train is already on the track, the Palestinian factions agreed in the first dialogue session, which was launched in Cairo on Thursday, to form a t "compatible" unity government prior to the end of this March, and to hold legislative and presidential elections not later than its usual date of  January of 2010, within an agreement of establishing five committees to process the addressed disputed files.
Although the Authority has a plan to rebuild the Gaza Strip with mechanisms that are applicable under all circumstances, at least in terms of internal conditions, but the rapid restoration of compatible unity to form a new government would enhance the chances of success of the reconstruction plan, and revive the Palestinian economy in general.

Plans and expectations:
In parallel with the Cairo dialogue, the Government with the presidency of Dr. Salam Fayyad continues to complete its comprehensive plan to support the Palestinian economy and its reconstruction of the Gaza Strip, to be presented to a Conference in preparation for submission to the donors conference to be held in Sharm el-Sheikh in Egypt tomorrow, under the title "International Conference in support of the Palestinian economy and the reconstruction of Gaza".  
In this context, Fayyad signed an agreement at the end of last week with UNDP about the mechanism of exchange grants to farmers to compensate the losses caused by the recent Israeli aggression, and to enable them to rebuild their farms and facilities and enhance its capacity, supplemented by a series of agreements with various parties, including mechanisms for the implementation of reconstruction programs in various sectors: housing, industry and other productive sectors of the economy.

Early announcements:
In total, the Authority will seek donors for funding of  $2.8 billion to finance the reconstruction process in the Gaza Strip (about 1326 million dollars), and to fill the shortfall in current spending in the budget of the Authority for 2009 (about 1450 million of which $ 300 million to meet government expenditures in the emergency after the Gaza attack ), within strong indications that the Authority will return from Sharm el-Sheikh with commitments from donors that may go beyond the requirements, since Saudi Arabia announced early to offer one billion dollars, and the United States 900 million dollars, and the European Union 436 million Euros (about $ 455 million) and Qatar $ 250 million.

Stability in Al-Quds index:  
Meanwhile, the main index closed in Palestine Securities Exchange trading week for the third successive week as stable, among a status of awaiting uncertainty. Eye on the dialogue and the efforts of reconstruction, and the other on the meetings of directors board and general committees of the  listed companies, especially the Palestinian Telecommunications Company PALTEL, which is scheduled to hold its board meeting in Ramallah on Wednesday to approve the recommendations on the disposition of profits, and approval of the final version of the partnership agreement with Kuwaiti ZAIN, raising capital, as a prelude to the lifting of these recommendations to the General Assembly of the company, which will hold two meetings: regular and irregular, in Jericho on the following day.


 


 

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