Palestinians Get First Private Equity Fund

Associated Press
February 2, 2010

Two Arab investment companies have announced the launch of the first private equity fund designed to boost the Palestinian economy.

The semiofficial Palestine Investment Fund and Dubai-based private equity firm Abraaj Capital, said Sunday that they will invest in small and medium-sized businesses. They say they will provide an initial $15 million, and hope to raise a total of $50 million this year.

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