JERUSALEM (Jul. 3)
Palestinian Authority officials reportedly are exploring the possibility of investing in the Tel Aviv stock market.
According to the Israeli daily Ha’aretz, officials have already contacted Israeli brokerage houses, seeking an initial investment of approximately $17 million.
It was unclear whether the investors represented Palestinian Authority officials or private business interests in the territories.
Either way, sources involved in the contacts said that all relevant authorities had approved the investments.
Several months ago, Ha’aretz reported that the Palestinian Authority maintained an account in a Tel Aviv bank, where funds channeled by Israel to the self-rule authority under the signed economic accords were deposited.