Arab Press

بالشعب و للشعب
Tuesday, Feb 07, 2023

Bank chairman says Palestine must triple efforts to protect economy, ideals, resilience

Bank chairman says Palestine must triple efforts to protect economy, ideals, resilience

Efforts to protect the Palestinian economy, ideals, and resilience must be tripled as fears rise that the two-state solution to the conflict with Israel is becoming increasingly unlikely, the Chairman of the Bank of Palestine Hashim Shawa said on Thursday.
Speaking at a session called “For the Sake of Peace: Jumpstarting the Palestinian Economy” at the World Economic Forum in Davos, Shawa said both Israelis and Palestinians are worried that the two-state solution will not materialize in the current political climate.

Israel’s most right-wing government in history took power last month and the Palestinian prime minister accused it of blocking “even the most non-violent ways of fighting the occupation.”

Shawa said: “We’re all worried that we’re seeing almost the end of a two-state solution. And we saw with the recent elections in Israel what’s going on, and I don’t know where things are going.

“Everyone’s waiting and seeing, but things don’t look good.

“So that’s why we must raise the alarm. However, not in a state of panic, but to double and triple our efforts to protect our ideals, our values of democracy, international law, [and to] protect the economy and our resilience.”

He said that for every $1 of aid that Palestine had received, there had been $2.50 to $3 of investment by the private sector.

He added: “Don’t forget, there are 5 million Palestinians on the ground that are still there day in, day out, taking their kids to school, educating their kids and investing their capital and their wealth into their businesses from the small to the big, and that is not going to end.

“That gives us hope and is something that the bank with its partners has been scaling up on all levels.”

Shawa added that he was proud to say that the bank is the first to be gender-balanced at board level in the Middle East and North Africa region.

“If more women are in policymaking, decision-making, impactful jobs, whether it’s in government or private sector, you can get transformational change,” he said.

The chairman added that structuring the bank in that way proves that you can do good, be gender-balanced, make lots of profit, succeed, and be more resilient “even under a terrible occupation that strips you from freedoms.”

He said: “Women suffer the worst from the occupation in terms of the issues that they face under any military conflict. They always suffer the worst.

“By including them in the economy, by giving them access to finance, empowering them, making them more involved in decision making, that gives you a balanced approach to running the business and solving problems.”

Related Articles

Arab Press
2 earthquakes in Turkey killed over 2,300 people
Powerful Earthquake Strikes Turkey and Syria, Killing More Than 1,300 People.
Turkish photographer Ugur Gallenkus portrays two different worlds within a single image. Brilliant work
Charlie Munger, calls for a ban on cryptocurrencies in the US, following China's lead
Shell reports highest profits in 115 years
EU found a way to use frozen Russian funds
First generation unopened iPhone set to fetch more than $50,000 at auction.
WARNING GRAPHIC CONTENT - US Memphis Police murdering innocent Tyre Nichols
Almost 30% of professionals say they've tried ChatGPT at work
Interpol seeks woman who ran elaborate exam cheating scam in Singapore
What is ChatGPT?
Bill Gates is ‘very optimistic’ about the future: ‘Better to be born 20 years from now...than any time in the past’
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Opinion | Israel’s Supreme Court Claims a Veto on Democracy
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Who’s Threatening Israeli Democracy?
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Saudi FM discusses Kingdom’s economy, oil, Iran and US ties in Davos
Israelis rally in three cities against Netanyahu legal reforms
China's foreign ministry branch in Hong Kong urges British gov't to stop the biased and double standards Hong Kong report
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Saudi Arabia plans to use domestic uranium for nuclear fuel
Mohammed Bin Salman chosen most influential Arab leader of 2022
Dirty bomb fears as URANIUM is found in cargo at Heathrow
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
United Arab Emirates says it will teach Holocaust in schools
Saudi Arabia set to overtake India as fastest-growing major economy this year 
International medical experts speak out against COVID-19 restrictions on China
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Saudi Arabia’s female ambassadors: Who are the five women representing the Kingdom?
Almubarak named ‘The Best Central Bank Governor of the Year 2023 for the Middle East’
Will Canada ever become a real democracy?
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator