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Sunday, September 25, 2011

Statehood bid scares away investors in PA

Palestine Today quotes the Financial Times as saying that the UN statehood stunt is already scaring away potential investors in the Palestinian Arab areas.

It quotes Jihad Wazir, governor of the Palestinian Monetary Authority, as saying that since the statehood bid was announced, there has been a marked slowdown in economic activity in the West Bank.

At least one foreign investment deal from the UAE and a bank merger has been postponed due to the uncertainly that the bid has brought.