They don't have a sewage system but they have a 'stock exchange'
They don't have a sewage system, but 'Palestine' has a stock exchange. In fact, they have had one since 1997. Let's go to the videotape and then I will have a couple of comments.This is yet another instance of western aid money being used to enrich the few and the well-connected. 35 companies with a $2.8 billion market cap? The two largest companies are parent and subsidiary and one of them owns the exchange? Does this really benefit the 'Palestinian people'? I submit that it just puts money in the pockets of the 'fraction' of the 'Palestinians' who trade on the exchange.
While there is no indication of who owns shares in PalTel (or in its parent company, Padico), its director list includes one name in Gaza that should sound familiar to all of you. I did find some information on the 'Palestine Securities Exchange' website. Padico's information is here (no indication if any individual or company owns 5% as is the case in other countries); Paltel's is here (note the sizable percentage owned by 'foreigners' companies' - read Sheikhs in the Gulf).
I almost forgot to mention: Note how all of their deficiencies are Israel's fault....
posted by Carl in Jerusalem @ 8:05 AM
3 Comments:
Carl - let's see... they have a stock exchange but they can't use what wealth they have to build a country and better the lives of their own people. The Jews, despite their generosity to the Palestinians, get stuck with the blame for their developmental retardation. And no - the Palestinians are not interested in building a Singapore in the Middle East.
Different Abu Marzouk.
Moussa Abu Marzouk, mentioned in the article about the Yemen "agreement" was a doctor who was deported from the U.S. to Jordan when Netanyahu refused to take him. (A big mistake.)
Ahmed might be a relative. But Moussa lives in Damascus along with Meshaal.
Soccer Dad,
I assumed they were relatives. Marzouk is - to my knowledge - not as common a last name as Cohen, Levy, Smith or Jones.
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