Talks to help Palestinian economy open in Prague

Former British Prime Minister Tony Blair says there is enormous potential for doing business in the Palestinian territories. Blair, who serves as special envoy for the Quartet on the Middle East, a diplomatic peace initiative, spoke Saturday alongside former US Secretary of State Madeleine Albright to open a two-day meeting as part of an initiative hoping to bring billions of dollars in investments to the struggling Palestinian economy. It is unclear if any major deal can be announced in Prague because business development is closely linked to progress in the deadlocked negotiations between Israel and the Palestinians, according to a news agency.