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GDP per capita in the Palestinian territories rose by 7% per year from 1968 to 1980 but slowed during the 1980s. Between 1970 and 1991 life expectancy rose from 56 to 66 years, infant mortality per 1,000 fell from 95 to 42, households with electricity rose from 30% to 85%, households with safe water rose from 15% to 90%, households with a refrigerator rose from 11% to 85%, and households with ...
Egypt would also join the Arab League invasion of Israel in 1948, capturing Gaza. While the West Bank was annexed by Jordan, Egypt instead created the All-Palestine Protectorate in Gaza, which claimed authority over all of Palestine and was ruled by the All-Palestine Government. Egyptian authorities would keep close political control over Gaza. [3]
In October 2014, the Cairo Conference on Palestine, an international donor conference on reconstructing the Gaza Strip, garnered $5.4 billion in pledges, of which $1 billion was pledged by Qatar. Half of the pledges were to be used for rebuilding efforts in Gaza, while the remainder was to support the PA budget until 2017. [66]
Egypt's finance minister said on Monday the government could no longer depend on foreign purchases of treasuries to finance its budget, but must work to boost foreign direct investment (FDI) instead.
Shipment of luxury cars to Gaza, 2012. The Second Intifada led to a steep decline in the economy of Gaza, which was heavily reliant upon external markets. Israel—which had begun its occupation by planting approximately 618,000 trees in Gaza in 1968 and improving seed selection—over the first 3-year period of the Second Intifada, destroyed 10 percent of Gazan agricultural land, and uprooted ...
The government recently increased the national budget by approximately USD19bn and projected a 6.6% deficit for the current year, largely due to war-related expenses. In response to these economic pressures, major credit-rating agencies such as Fitch Ratings, Moody’s, and S&P Global are evaluating Israel's A+ rating for a potential downgrade ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
October and November 2011: transfers suspended following Palestine's bid for full membership in the United Nations and admission to UNESCO. [31] [40] December 2012: transfers of $100 million suspended in response to Palestine securing an upgraded status in the UN pursuant to United Nations General Assembly resolution 67/19. [30]