In cooperation with a government fund initiated by Barak Obama, Activist George Soros is investing in a private equity company that just launched in the Palestinian territories.
The company, Siraj Fund Management Company, says it was created “for the sole purpose of managing investment funds in Palestine.”
The new company’s websiterepeatedly refers to what it calls the “country” of “Palestine.” There is, however, no such country as Palestine.
Siraj is apparently
controlled by the
“Siraj has plans to
launch future funds
focused on the
thereby contributing to the sustainable development of the country,” states the
This marks the latest involvement of Soros in Middle Eastern affairs.
last week Soros has been funding groups pushing for democracy
in Egypt and is associated with an opposition leader there who has been fueling
protests toppling the regime of President Hosni Mubarak, a key U.S. ally in
has petitioned for the Egyptian government to normalize ties with the Muslim
Brotherhood, the main opposition in Egypt.
This week, Siraj FundManagement Company, the firstprivateequity fund in the Palestinianterritories, officially launched in the West Bank city of Ramallah.
Soros’ Economic Development Fund invested in the new group alongside the
U.S. government-owned OverseasPrivateInvestment Corporation, or OPIC.
OPIC is an independent agency of the US government that mobilizes
privatesector investment in new and emerging markets overseas.