LOGO: Truthdig: Drilling Beneath the Headlines. A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman. Winner 2013 Webby Awards for Best Political Website
May 18, 2013

 Choose a size
Text Size

Trending:     chris hedges     economy     elizabeth warren     politics     robert scheer
Most Read

The History That Birthed the Tsarnaev Boys

Arctic Tundra ‘Will Turn to Forest’

'The Daily Show': Stewart Slams Hypocrites Cheney and Rumsfeld

How the IRS' Nonprofit Division Got So Dysfunctional

Hey Hollywood, Remember the Ladies?

Most Comments
Most Emailed

Reports
 * NEW! * Arctic Tundra ‘Will Turn to Forest’
How the IRS’ Nonprofit Division Got So Dysfunctional
Recurring Nightmares? Wake Up and Take Action

Ear to the Ground

A/V Booth

Arts & Culture
Act of Congress
Daily Rituals
The Girls of Atomic City

Digs

Truthdig Bazaar
The Yankee Years

The Yankee Years

By Joe Torre and Tom Verducci
$17.79

more items

 
Ear to the Ground

Palestinians Offer First-Ever Corporate Bonds

Email this item Email    Print this item Print    Share this item... Share

Posted on May 12, 2011
Flickr / World Economic Forum Some rights reserved

Palestinian Prime Minister Salam Fayyad speaks at a World Economic Forum meeting in early 2011.

Following a possible 10-day freeze on revenue collected on Palestinian goods that pass through Israel’s ports and airports, a Palestinian investment firm has issued the territory’s first-ever corporate bonds, which Palestinian leaders and businesses hope will strengthen the local economy.

Israel imposed the freeze after Fatah, Palestine’s ruling party, made peace last week with its political rival Hamas, which refuses to recognize Israeli statehood. —ARK

Al-Jazeera:

PADICO, a publicly traded company that focuses on investment in the Palestinian economy, announced on Tuesday that it is issuing 7,000 five-year bonds which are worth $70m.

... Issuing of the corporate bonds comes amid growing financial hardships for Palestinians, who have been subjected to an Israeli freeze on monthly transfer of funds.

... “The delay in transferring funds is a yellow card for the PA after the signing of the agreement with Hamas,” Yuval Steinitz [Israel’s finance minister] said on public radio on Wednesday.

Read more

 

More Below the Ad

Advertisement


New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

By RD, May 14, 2011 at 12:51 pm Link to this comment
(Unregistered commenter)

This may sound crazy, but here’s a way for the Palestinians to gain symnpathy (and hopefully money and eventually political backing) down the line: start a baseball league. It will not only grow into a multi-billion dollar industry, it will also make Americans give a damn about what happens in Palestine. It’s a guarantee; American media would no longer be able to continue their blackout if baseball was being played in Gaza! We can all see what 63 years of “peace negotiations” have produced - zip, nada, zilch. Cultural imperialism it may be (I’d call it realpolitik) but hey, it’s time to think out of the box on on this one.

Report this
PatrickHenry's avatar

By PatrickHenry, May 14, 2011 at 9:26 am Link to this comment

Beware the bundled CD’s.

Report this

By NZDoug, May 13, 2011 at 10:41 pm Link to this comment

Shalom.
Is this the deal for you!
AIPIC can buy them!

Report this

By rollzone, May 13, 2011 at 12:39 pm Link to this comment

hello. laundering cartel money through the bank you run
to fund terrorism, and refusing to recognize Israel, is
the perfect fit for Wall Street. corporatist smoke and
mirrors from an expert, whom can do many things for
himself, at the expense of the Palestinian peoples.
commit bankers to a Middle East fraud: at the expense
of American tax payers, the IMF, and the value of the
dollar. that’s why you go to college. i would rather
buy a bridge from a NYC taxi driver, than invest in
this scheme.

Report this
Newsletter

sign up to get updates


 
 
 
 
Join the Liberal Blog Advertising Network
 
 
 
 
 
 
 

A Progressive Journal of News and Opinion. Editor, Robert Scheer. Publisher, Zuade Kaufman.
© 2013 Truthdig, LLC. All rights reserved.