Since 2010, these Israeli initiatives have seen Gaza’s real GDP per capita improve considerably.
From 1998-2011, these numbers grew from about $1,750 to about $2,000 according to the June 2012 U. Approximately half of Gaza’s electricity is supplied directly from Israel by way of the Israel Electric Corporation (IEC).
The remaining supply comes mostly from the Gaza Power Plant (GPP), which is funded not by Hamas but by the Palestinian Authority.
Since the Palestinian Authority (PA) and Israel signed the Oslo Accords in 1993, Israel has been working with the PA to help develop a viable, even vibrant economy for the Palestinians that provides jobs and support the infrastructure for viability.
A strong economy is essential for stability and, hopefully, will lead to the development of social and democratic institutions.
(9) Recently, many Palestinians have voiced a desire to become citizens of Israel, especially in east Jerusalem.
According to Hatem Abdel Kader, the Fatah official in charge of the “Jerusalem Portfolio”, this growing trend is a result of the failure of the PA and Arab and Islamic countries to help the Palestinian residents of Jerusalem.
The hope is that prospects of a better future for the Palestinians will enhance the chance for peace.
The Facts (1) In September 2012, with the Palestinian Authority (PA) facing severe financial strain due to a shortfall in international donations and significant overspending, Israel advanced the PA 250 million shekels in tax revenues to aid the Palestinian economy. The report also notes that Gaza experienced a considerable rise in real GDP per capita from 2002-2005 before the Hamas takeover.
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