Nestled in a basin in the northern West Bank, the city of Nablus was for millennia a Palestinian cultural and commercial hub, attracting traders to its souk in the heart of the old town.
But Israel's occupation of the West Bank, and local policy paralysis, have since isolated the Palestinian economy from global markets and pushed unemployment up to nearly 25 percent.
Fledgling Palestinian high-tech firms hope they can now help revitalize theeconomy, making the West Bank more resistant to Israeli controls on land and the movement of goods and people and less dependent on fickle foreign aid flows, which are blighting the public sector.
Source: Reuters. Read full article. (link)