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“The Palestinian startup ecosystem is in its early stages and still maturing,” reads a July 11 report by the World Bank. It called the Palestinian situation “relatively similar” to those of Lebanon and Tanzania, explaining that startup creation in Palestine has increased by 34% since 2009. One Israeli newspaper reported that it takes only 15 days to establish a tech startup in Palestine compared to at least 30 days in Lebanon and Tanzania.
More Palestinian young entrepreneurs have turned to online projects and invested in technology in the absence of job opportunities due to the ongoing Israeli siege on the Gaza Strip. Unemployment in the enclave has reached 49.1% and 18.3% in the West Bank.
