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FINANCIAL NEWS
Palestinian economy to face fiscal crisis
16 Sep 2016
(MENAFN) Foreign support to Palestine decreased by almost 50 percent in the last three years, leaving the budget under severe strain.
The Palestinian Authority reduced the deficit over the past decade, cutting it by 15 percentage points to 10 percent of GDP.
On the other hand, the economy is predicted to increase at almost 3.5 percent in the coming years.
However, unemployment in Gaza reached 42 percent and the territory is struggling to rebuild after a month-long war with Israel in 2014.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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