RAMALLAH, Jan 31 (JMCC) - Two Arab investment companies have announced the launch of the first private equity fund designed to boost the Palestinian economy.
The semiofficial Palestine Investment Fund and Dubai-based private equity firm Abraaj Capital, said Sunday that they will invest in small and medium-sized businesses. They say they will provide an initial $15 million, and hope to raise a total of $50 million this year.
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