RAMALLAH, July 1, 2026 (WAFA) – Vice President of the State of Palestine Hussein Al Sheikh affirmed on Wednesday the mobilization of all available resources to mitigate the impacts of the economic crisis.
Vice President Al Shekh emphasized that the Palestinian leadership was following the repercussions of the economic crisis daily, describing safeguarding the Palestinian people’s steadfastness and preserving the stability of the national economy as national priorities at this critical stage.
He made his remarks during an expanded meeting with the President of the Federation of Palestinian Chambers of Commerce, Industry and Agriculture and the heads of chambers of commerce from the northern governorates. During the meeting, the meeting touched upon the repercussions of the worsening economic crisis on the lives of Palestinians, as well as ways to strengthen the resilience of the national economy.
He noted that addressing the current challenges requires a genuine partnership between the government, the private sector and financial institutions, calling for concerted efforts to ensure the continuity of economic establishments, protect employment opportunities and support productive sectors, thereby enhancing the resilience of the Palestinian economy.
Al-Sheikh listened to interventions by the heads of the chambers of commerce, who outlined the main challenges to Palestinian markets and the impacts of the crisis on commercial and investment activity. They stressed the importance of taking urgent measures to support the private sector and provide the necessary facilities to ensure the continuity of economic activity, thereby easing the burdens on citizens.
The participants reviewed the current economic situation in light of the continued Israeli measures targeting the Palestinian economy, most notably the withholding of Palestinian clearance tax revenues and the chronic surplus-Shekel liquidity crisis.
They noted that Israeli measures have led to a decline in commercial and productive activity, rising unemployment rates, and increasing living burdens on citizens, directly affecting various sectors of the economy.
The meeting was attended by Minister of National Economy Mohammad Al-Amour, Head of the General Authority of Civil Affairs Ayman Qandil, Deputy Minister of Finance Majdi Al-Hassan, Deputy Governor of the Palestine Monetary Authority Mohammad Manasra, Advisor to the Vice President Yasser Abu Bakr.
It was also attended by the heads of the chambers of commerce in Jerusalem, Ramallah and Al-Bireh, Hebron, North and South Hebron, Qalqilya, Tulkarm, Jenin, Jericho, Bethlehem, Salfit and Tubas.
K.F.
