Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : WAR on Terror. Will it engulf the Entire Middle East? -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (12017)	1/31/2006 9:52:10 AM
From: Scoobah	Respond to of 32591

Palestinian financial assets begin flight from West Bank January 30, 2006, 11:02 PM (GMT+02:00) DEBKAfile’s Palestinian sources reveal that senior Palestinian Authority officials, including ministers and security chiefs, have begun transferring their West Bank assets overseas. One source estimates that some $45 million were shifted in one day, Monday, Jan. 30. The worst hit was the Arab Bank. Businessmen, doctors and lawyers, worried by the regime change from Fatah to Hamas, are moving their businesses and assets to Europe and Gulf emirates. This flight of funds is a symptom of how little confidence the business community and elite have in Mahmoud Abbas’ ability to limit the Hamas drive to grab full control of government and its organs. Above all, the moneyed classes fear the property of prominent figures will be impounded to make a show of the corruption and thieving practiced by the defeated Fatah. Hamas leaders came forward Monday with an assurance that private businesses and investments would be safe under the new administration. This reassurance had the opposite effect; it stepped up the drain of money. The small Nablus Stock Exchange, the Al Quds Index, reacted to the uncertainties by slumping 2% Monday, which would be comparable to a 25% dive for regular-sized bourse.