We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Palestinian tycoon launches first private equity fund

The fund had raised over $60 million and was expected to reach $80 million in the next few months.


February 8, 2011 4:11 by

A leading Palestinian entrepreneur on Tuesday announced the launch of a $60 million private equity fund to support small and medium sized enterprises (SMEs), the first in the West Bank.

“Palestine’s private sector is thirsty for an infusion of cash and managed expansion,” said Bashar Masri, whose Ramallah-based holding company Massar International invests in real estate and financial and investment services.

The Siraj Palestine Fund would unleash “the latent potential of Palestinian SMEs by promoting technological advancement, job creation and addressing the acute shortage of equity capital”, a statement said.

The fund had raised over $60 million and was expected to reach $80 million in the next few months.

The economy of the aid-dependent Palestinian Authority, the bulk of it composed of SMEs, is expected to grow by 7 percent in 2011. It grew by 8 percent the year before.

The fund would benefit Palestinian SMEs in fields such as manufacturing, agriculture, healthcare and transportation, the statement said.

(Editing by Patrick Graham)


Tags: , , , ,

Leave a Comment