A new report by the United Nations Conference on Trade and Development blames the failure of the Palestinian economy on “50 years of occupation… with no end in sight”.
The Palestinian Authority’s unpaid electricity bill has spiralled to a staggering 400 million shekels ($110 million). Now, the Jerusalem District Electricity Company has offered the PA an ultimatum: pay the debt, or approve a rate hike. The JDEC is a private distributor which is supplied by the Israel Electric Company and then sells the electricity… Read more »
Partners in Israel’s Leviathan offshore gas field have signed their first export contract, to the tune of $1.2 billion, with an unlikely client: the Palestine Power Generation Company. According to the deal, the power company will be supplied with 4.75 billion cubic meters of gas to run a power plant that will be built near… Read more »
“Hear the word of the LORD, ye that tremble at His word: Your brethren that hate you, that cast you out for My name’s sake, have said: ‘Let the LORD be glorified, that we may gaze upon your joy’, but they shall be ashamed” (Isaiah 66:5) A project that would have brought the clothing franchise,… Read more »