PSE News

 

  Palestinian tech sector ends isolation from global economy
Apr , 30 , 2013  
  Nablus was for millennia a Palestinian cultural and commercial hub, attracting traders to its souk in the heart of the old town. But Israel's occupation of the West Bank, and local policy paralysis, have since isolated the Palestinian economy from global markets and pushed unemployment up to nearly 25%, Palestinian Business Forum reported. Fledgling Palestinian high-tech firms hope they can now help revitalize the economy, making the West Bank more resistant to Israeli controls on land and the movement of goods and people and less dependent on fickle foreign aid flows, which are blighting the public sector.
 

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  Palestinian Producer Price Index down 0.65% in March - Statistics Bureau
Apr , 30 , 2013  
  The Palestinian Central Bureau of Statistics (PCBS) said in a press release that the overall Producer Price Index (PPI) for Palestine decreased in March by 0.65% compared to February 2013. Producer Price Index for locally consumed products reached 101.58 in March 2013, which indicates a decrease by 0.75% compared to February 2013. Producer Price Index for exported products reached 105.40 in March 2013, which indicates an increase by 0.32% compared to February 2013. The changes of Producer Price Index for March 2013 were traced back to changes in prices of the The changes of PPI were due a drop in prices of agricultural products by 2.38% in spite of a rise in prices of fishing by 0.75% and manufacturing group by 0.29% for March.
 

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  TNB launches new savings account
Apr , 30 , 2013  
  The National Bank (TNB) announced launching the first-of-its king savings program "National Savings Certificate" in Palestine, to fulfill client demand, PNN said.
 

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  Bank of Palestine nets $14.3 mln in Q1
Apr , 30 , 2013  
  Bank of Palestine posted net profit before tax of $14.362.620 for Q1-13, compared with $13.169.971 in prior-year period, recording 9.1% growth, according to PNN.
 

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  Al-Quds Index closes 0.57% lower
Apr , 29 , 2013  
  Al-Quds Index ended today's session down 0.57%, or 2.61 points, at 457.60 pts. A total of 1.078.465 shares were traded in 151 transactions at $4.513.197.48.
 

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  Successful local, overseas investments boost Palestinian economy
Apr , 30 , 2013  
  s investment is one of the major components of Palestine's economy, the state is issuing new legislations to enhance investment and encourage local as well as international investors, Palestinian Business Forum reported. Analysts said that investment opportunities in the Palestinian territories are promising, especially as local economy is growing and emerging. Despite obstacles to local and international investors, projects should be undertaken and challenges should be overcome.
 

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  ARAB records JD 6,536 THD profit in Q1
Apr , 29 , 2013  
  Arab Investors Co. (ARAB) reported JD 6,536 thousand net profit for Q1-13, climbing 71.5% y/y from JD 3,810 thousand net profit in Q1-12.The company had suffered JD 57 thousand losses in the previous quarter from JD 63 thousand net losses. The EPS reached JD 0.0007, compared with JD 0.0004 a year earlier.
 

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  NSCís Q1 profit rockets 104%
Apr , 29 , 2013  
  Nablus Surgical Center Co. (NSC) released preliminary financial results for the fiscal period that ended on March 31, 2013. Q1 net earnings reached JD 265,043, soaring 104.8% y/y from JD 129,355 but falling 47.6% q/q from JD 506,138. Thus, the EPS increased from JD 0.0407 to JD 0.0834.
 

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  PLAZAís Q1 losses narrow 23.5%
Apr , 29 , 2013  
  Arab Palestinian Shopping Centers (PLAZA) posted JD 147 Thousand net losses for Q1-13, narrowing 23.5% y/y from JD 192 Thousand but falling 83.8% q/q from JD 910 Thousand. The per share (LPS) reached JD 0.0210, compared with JD 0.0275 a year earlier.
 

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  Global United Insurance logs 7.4% leap in Q1 profit to USD 809 THD
Apr , 29 , 2013  
  Global United Insurance Co. (GUI) released preliminary financial statements for the fiscal period that ended on March 31, 2013. Q1-13 net earnings reached USD 809,576, climbing 7.44% y/y from USD 753,490 but falling 66% q/q from USD 2.43 million. Thus, Earnings per share (EPS) amounted to USD 0.1308, compared with USD 0.1370 in Q1-12.
 

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