Abbas Forms New Board For Investment Fund

RAMALLAH, April 16 (Bernama-Xinhua) -- Palestinian President Mahmoud Abbas announced on Monday the formation of a new board of directors for the Palestine Investment Fund, reported Xinhua.

The Palestinian news agency WAFA reported that the board of the fund includes Eyad Judah, Maher al-Masri, Mohammad Nasr, Tamer Bazzari, Atef Allawneh, Mohammad Abu Ramadan, Ali Abu Diyak, Lena Abu Hajleh, and Firas Malham.

The fund, established in 2003, operates as a public shareholding company registered with the Ministry of National Economy. It focuses on investments in key sectors including energy, healthcare, telecommunications, digital economy, industry, trade, agriculture, real estate, and tourism.

The fund was created by a transfer of assets previously managed by the Palestinian Authority. Mohammad Mustafa served as its chairman from January 2009 until he was assigned on March 14 as the Palestinian prime minister. 

--BERNAMA-XINHUA