03.05.2012 - Palestinian sovereign fund targets development
The Palestinian sovereign wealth fund is aiming to boost the private sector and wean the strife-torn region off aid, with investments in sectors like tourism and power generating profits despite difficult relations with Israel, its boss said. While most other, much larger, sovereign wealth funds invest heavily abroad in a bid to spread risk and maximize returns, the Palestine Investment Fund (PIF) is focused on developing the local economy. ..............................................Full Article: Source
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