Banking sector will spare no effort to support Fund for Honouring Martyrs: CBE Governor    CIB-Egypt reinforces commitment to developing banking capabilities across Africa    African nations, Russia convene in Cairo to draft 2026-2029 strategic action plan    From Miami Sands to Brussels Boardrooms: The High-Stakes Gambit for Ukraine's Future    The $901 Billion Anchor: How a Silent Signature Locked America into Europe    Mediterranean veterinary heads select Egypt to lead regional health network    Ramy Sabry performs at opening of "The Village" in Egypt's Celia development in New Administrative Capital    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt says Qatari Al Mana fuel project in Sokhna does not involve land sale    Egypt's fund, Misr Life sign support plan partnership for martyrs' children    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    EGX closes in red zone on 18 Dec.    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Egypt flags red lines, urges Sudan unity, civilian protection    Egypt's Al-Sisi offers to host talks to support DRC peace process in call with Tshisekedi    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Old Oslo illusions
Published in Al-Ahram Weekly on 29 - 05 - 2008

Promises of money and jobs are not enough to hide the brutal reality of occupation, writes Khaled Amayreh in Bethlehem
Amid lavish settings and tight security, hundreds of investors and entrepreneurs from around the world last week gathered in the southern West Bank town of Bethlehem to discuss and plan joint business ventures.
Palestinian Authority (PA) officials described the "Palestine Investment Conference" as a "mega event" in light of the large number of attendants, many of whom were businesspeople from expatriate Palestinian communities in the Gulf region.
PA President Mahmoud Abbas opened the conference on Wednesday 21 May at the InterContinental Hotel with a brief speech in which he appealed to investors from the Arab world to invest in Palestine and in peace.
Abbas sought to strike a delicate balance between the anti-business and investment environment emanating from the entrenched Israeli occupation and the need to maintain a semblance of economic well-being in the occupied territories if only to enable Palestinians to withstand systematic Israeli repression aimed at killing Palestinian aspirations for freedom and independence.
Abbas carefully avoided any bleak assessment of "peace talks" with Israel, ostensibly in order to maintain the "positive atmospherics" of the conference. However, Abbas's artificial optimism did little to reassure sceptics worried that investing in Palestine while still under military occupation may not be a good idea.
Former British prime minister and Quartet envoy to the Israeli-Palestinian peace process Tony Blair, a key proponent of the economy-first agenda in Palestine, sought to foster optimism, saying Palestine deserved a prosperous economy. Some Palestinian intellectuals and journalists accused Blair of trying to use economic inducements to bribe the PA into giving political concessions to Israel, especially with regard to keystone issues of the Arab-Israeli conflict such as Jerusalem and the right of return of Palestinian refugees.
Blair, who undertook laborious efforts to convince Israel to ease up restrictions strangling the Palestinian economy, has hardly succeeded in getting Israel to remove even two or three roadblocks in the West Bank. Indeed, a recent report by the United Nations pointed out that Israel actually increased, not decreased, the number of barriers and roadblocks in the West Bank, a fact likely to generate despair among those who think that no viable economy can be sustained in an environment of roadblocks, checkpoints, military curfews and closed military zones.
According to organisers, as many as 1,500 local and foreign investors and business representatives participated in the three-day conference. Participants included a high-level delegation from the United Arab Emirates that arrived aboard a Jordanian army helicopter that flew them directly from Amman, apparently in coordination with Israel. Many other participants had to receive special access permits from the Israeli army, a grim reminder that accessibility to the West Bank, including its business market, is tightly controlled by Israel.
A number of invitees, especially Palestinian expatriates, were barred for political reasons. Some of the more sceptical participants said they only came to visit families and in order to be able to pray at Al-Aqsa Mosque in Jerusalem. Others said they wanted to enjoy the holiday setting and meet old friends.
Yet despite the omnipresent spectre of the Israeli occupation, epitomised by army barriers and roadblocks near the conference venue, the gathering itself was successful. According to PA Prime Minister Salam Fayyad, the man behind the conference, around $1.4 billion was pledged for joint business projects, which could create up to 35,000 jobs in the West Bank. The sum reportedly includes about $550 million from major Arab investors for the construction of a new Palestinian town near Ramallah.
In a press conference marking the end of the conference, Fayyad announced a joint strategy between the private sector and the government "to strengthen coordination and integration" for the purpose of bolstering the national economy. "The Palestinian National Authority believes in the leading role of the private sector and the importance of integration with the efforts exerted by the government," he said, adding that he hoped that the conference would lead to "economic recovery", "sustainable social and economic planning and management", "developing services" and "tackling Israeli impediments to strengthening the Palestinian economy".
Responding to critics who have argued that foreign-induced economic investment was inherently artificial and designed to bribe Palestinians to give political concessions to Israel, Fayyad said there was a total separation between peace talks with Israel and efforts to attract foreign investment into Palestine. "This is not an economic conflict that requires an economic solution. This is a political conflict that requires a political solution. And I assure you that we won't meet any political demands attached to efforts to revive our economy," he said.
Recognising the fact that the Israeli occupation was the ultimate spoiler of an investment- friendly environment, Fayyad argued that Palestinians had no choice but to cling to life. "We want to live, and we can't live normally without creating a minimum of economic normality. Every year, 50,000 young men and women enter the labour market. We must create jobs for those people. We want permanent development, but realising this goal depends on the removal of Israeli barriers and restrictions. Hence this conference is a message to the world, a message of defiance -- a positive defiance."
Despite the optimism, the stark contrast between the illustrious surroundings of the conference on the one hand and the abject poverty haunting large sectors of Palestinian society on the other seemed to serve as a metaphor reflecting the vast gap between the high expectations raised and bleak political realities on the ground.
Mohamed Shtayeh, head of the Palestinian Economic Council For Development and Reconstruction (PICDAR), acknowledged: "Investment in Palestine is unlike investment in any other country." "In the US, they say 'Business as usual'. Here it is 'Business as unusual'."
Shtayeh denied that the conference was an economic bribe that comes at the expense of Palestinian rights, saying it "is always better to light a candle than curse darkness."
Adel Samarah, a leftist Palestinian economist, disagreed. "This is not a matter of lighting candles or cursing darkness. Talking this way is poetry, literature and emotions, not economics. During the Oslo era they told us that Gaza would become the Singapore of the Middle East and the West Bank would become like Hong Kong. What actually happened is that Gaza became a concentration camp and the West Bank sank deeper and deeper in the quagmire of the occupation," he said.
Samarah lashed out at the PA, calling PA leaders and officials "a gang of money-grabbing careerists who are sacrificing Palestinian national interests for the sake of their immediate financial interests." Samarah further accused the PA of "pimping Arab investors to normalise with Israel while Israel is decapitating Palestine and its people."
"This is a disgraceful economic normalisation between the Arab states and Israel and it is happening at the expense of the Palestinian national cause. They are simply trying to reproduce the Oslo- era illusions," Samarah added.


Clic here to read the story from its source.