Nablus. During a discussion session held by Target Investment and Securities Company and entitled ""Palestine Telecommunication Company Ltd (Paltel) after the Competition"" at Thafer Al Masri Auditorium at An-Najah National University, Chief Executive Officer, Dr. Abdul Malik Jaber commented on the new competitors entering the Telecommunication field by saying that: “Palestine Telecommunication Company welcomes any new legal competitor who would work under current conditions that Palestine Telecommunication Company is facing and follows Paltel’s working standards. Dr. Jaber added ""Palestine is the most competitive country in the Arab world with our Israeli competitive companies in this relatively small Telecommunication market. Palestine Telecommunication Company Ltd (Paltel) controls over 40% of the internet market whereas illegal infiltration by Israeli Mobile Companies into the Palestinian telecom market make their share of the mobile telecommunications market to stand at 60% of the total market.

Dr. Jaber added ""we should benefit from the competition as it will allow our subscribers to compare our services and prices"". Dr. Jaber commented on the stand of the Ministry of Telecommunication and Information Technology (MCIT) by saying ""the morals and financial assets of the Palestinians people are not a game and when a new carrier decides to enter the Telecommunication market, it should follow the legal standards and regulations"". Dr. Jaber expressed his disappointed with the stand of the Ministry of Telecommunication and Information Technology vis-à-vis this issue. He added that the Palestinian Authority is losing NIS 130 million and he questioned why the Palestinian Authority does not apply tariffs at the Cellcom retailers.

Dr. Jaber talked about the expected profits of Palestine Telecommunication Company for the current year, and he stated that it is predicted that Paltel profits will reach up to 55% and Jawwal profits 45%. Dr Jaber also expressed his satisfaction for the increase in value of the Palestine Telecommunication Company’s shares. As for the possibility that Palestine Telecommunication Company enter Amman and Dubai financial markets, Dr. Jaber stated ""Chairman of Board of Directors, Mr. Sabih Masri believes that moving Palestine Telecommunication Company''s shares to Amman market will affect negatively the Palestinian market. As for Dubai market; Mr. Masri added ""some investors are uncertain about the Palestinian market, and despite their approval that Paltel enters Dubai Market, issue is still under discussion"".

Dr. Jaber also discussed the issue of the new companies that joined Palestine Telecommunication Company Ltd (PALTEL Group): WASSEL for Logistic Services and Express mail, HADARA specialized Company in internet sector development, PAL- Media which is considered a vital part of Palestine Telecommunication Company Ltd (PALTEL) that will introduce the most advanced technologies such as Video on Demand, Educational Webs and Program in addition to a Palestinian radio station and satellite channel to support the Palestinian media and reflect its shining image.

Dr. Jaber said ""Bank of the Poor- Rafaha Bank is a certified initiative that will start its loan services to the poor people ranging from US$ 500- 10,000. Through its small and multiple branches, the Bank’s main goal is to support the Palestinian economy and to assist Palestinians people start micro-finance based businesses projects.

On transferring Palestine Telecommunication Company main premises to Ramallah, Dr. Jaber denied such intention and said that Palestine Telecommunication Company was established in Nablus and will stay in Nablus. Company will establish new premises for the different PALTEL Group in the city.