Palestine Economic Update - November 2024

author: Palestine Economic Policy Research Institute - MAS
year: 2024

Key Messages :

  • The Gaza Strip remains engulfed in severe devastation, with the prospects for post-war recovery growing increasingly grim.
  • The Palestinian Prime Minister unveiled phase one of the National Development and Reform Program, focusing on strengthening local economic capacities and enhancing institutional performance.
  • A new decree-law seeks to establish a robust legal framework for digital services, facilitate electronic transactions, and advance digital transformation.
  • A recent MAS roundtable explored temporary shelter solutions for Gaza’s displaced population, recommending locally manufactured caravans and emphasizing proximity to original residences, integration into urban areas, and providing vocational training, psychological support, and child-focused centers.
  • Companies listed on the Palestine Stock Exchange saw a 55% decline in net profits during the first nine months of 2024 compared to the same period before the war.
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Palestine Economic Update - November 2024