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Palestine usually refers to: 1  Palestine (region) , a geographical and historical region in the Middle East. 2  The Holy Land, an area roughly located between the Jordan River and the Mediterranean Sea. 3  State of Palestine, a modern partially recognized proto-state in the Middle East.4  The Palestinian territories, or Israeli occupied Palestinian 5  .... Pal The Palestinian territories, or Israeli occupied Palestinian territories, referring to the West Bank (including East Jerusalem) and the Gaza Strip. 2  Palestinian National Authority, also known as Palestinian Authority, an interim self-government body established in 1994 to govern parts of the territories.
The State of Israel, located in Western Asia is a developed Middle East country. This member country of the Organization for Economic Co-operation and Development (OECD) is bordered by Jordan to the east, Syria to the northeast, Palestine territories to the east and south west, and Lebanon to the north.srael that covers a total area 20,770 sq. km, is the 154th largest country of the world and 43rd largest economy of the world as per GDP 2012. The country has the highest standard of living in the Middle East. Jerusalem, the capital and largest city of Israel is also partly claimed by Palestinians.