Economic portion of Mideast peace plan

Jun. 23, 2019 4:11 AM ETVanEck Vectors Egypt Index ETF (EGPT)EGPTBy: Yoel Minkoff, SA News Editor4 Comments
  • The White House on Saturday outlined a $50B Middle East economic plan that would create a global investment fund to lift the Palestinian and neighboring Arab state economies, and fund a $5B transportation corridor to connect Gaza and the West Bank.
  • The "peace to prosperity" scheme, which includes 179 infrastructure and business projects, would take place only if a political solution to the region's long-running problems is reached.
  • More than half of the $50B would be spent in the economically troubled Palestinian territories over 10 years while the rest would be split between Egypt, Lebanon and Jordan.
  • ETFs: EGPT

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