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The globalization and the fast development in modem communication methods have led to create new competition on both local and international level for the working companies in Palestine. In the last years, the Palestinian National Authorities has issued numbers of organized legislation for the private sector such as: Monetary Authority Law, Banking Law, Investment Promotion Law, Palestinian Market Authority Law, and the Financial Security Law, Auditing law, Insurance law, and Anti-Money laundering law, Companies Amendment Law for the year 2008. This legislation consists of number of texts within the rules of Governance that are applicable internationally.

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