Palestinian Businesses Moving Out of Territories

(Globes) - Palestinians have been increasingly moving their businesses to neighboring countries in recent months. The phenomenon is new, and did not occur during the first year of the intifada, when business owners hoped things would improve. A medical equipment plant associated with Mussa Arafat (Yasser Arafat's cousin) transferred its operations to Egypt. Textile plants have been transferred to Jordan, Morocco, and other countries. Retailers have also begun transferring their core businesses to Jordan and Egypt.

2002-09-13 00:00:00

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