▁was ▁done ▁by ▁Tony ▁Bla ir ▁and ▁U . S . ▁General ▁Keith ▁Day ton . ▁Some ▁anal yst s ▁saw ▁this ▁as ▁a ▁more ▁substantial ▁way ▁to ▁lay ▁a ▁ground work ▁for ▁vi able ▁institutions ▁and ▁for ▁local ▁peace . ▁ ▁The ▁Isra eli - Pal est in ian ▁Chamber ▁of ▁Com merce ▁was ▁founded ▁in ▁ 2 0 0 9 . ▁Its ▁chairman ▁is ▁E ival ▁Gil ady , ▁and ▁its ▁CE O ▁is ▁Of ir ▁G end el man . ▁It ▁has ▁already ▁held ▁its ▁first ▁conference , ▁at ▁which ▁Tony ▁Bla ir ▁was ▁the ▁ke yn ote ▁speaker . ▁It ▁is ▁dedicated ▁to ▁prom oting ▁development ▁of ▁joint ▁economic ▁initi atives ▁and ▁business es . ▁ ▁In ▁early ▁ 2 0 1 0 , ▁the ▁Palest ine ▁In vest ment ▁Fund ▁( PI F ) ▁launched ▁the ▁first - ever ▁Palest in ian ▁private ▁equ ity ▁fund , ▁in ▁order ▁to ▁raise ▁$ 5 0   mill ion ▁to ▁invest ▁in ▁Palest in ian ▁business es . ▁The ▁P IF ▁has ▁a ▁port folio ▁of ▁about ▁$ 8 0 0   mill ion , ▁and ▁inv ests ▁in ▁projects ▁such ▁as ▁housing ▁and ▁infrastr ucture . ▁The ▁P IF ▁oper ates ▁with ▁its ▁own ▁board ▁but ▁reports ▁to ▁President ▁Mah m oud ▁Abb as . ▁The ▁new ▁private ▁equ ity ▁fund ▁will ▁try ▁to ▁raise ▁c ash ▁from ▁ ▁invest ors ▁to ▁use ▁to ▁help ▁small ▁and ▁medium - s ized ▁business es . ▁These ▁enter pr ises ▁employ