News: Palestine Exchange (PEX)

UAE Investors Lured by Strong Economic Growth in Palestine Pegged at 7 Percent for 2010
News
Abu Dhabi – May 17, 2010: The International Monetary Fund (IMF) stated that economic growth in the Palestinian Territories in 2010 would reach around 7 percent and touch 10 percent by 2012 – 2013.
About Palestine Exchange (PEX)
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About the Palestine Exchange (PEX):

The PEX is a private shareholding company that was established in 1996 and held its first trading session on the 18 February 1997. The PSE operates under the supervision of the Palestinian Capital Market Authority and in accordance with the Securities Law No. (12) 2004 and its bylaws, in addition to modern regulations, which form a strong basis that ensure a fair trading environment. Today, there are ninety three (93) companies are listed on the PSE across five main economic sectors; banking, insurance, investments, industry and services.

There are no restrictions on foreign investments at the PSE or on Foreign Exchange by the Palestinian Monetary Authority. HSBC Middle East provides global custody services to interested foreign clients.