web analytics
May 30, 2015 / 12 Sivan, 5775
At a Glance
News & Views
Sponsored Post


Turkish Billionaire to Head Israel-PA Business Arbitration Panel

A billionaire from Turkey, whose relations with Israel have gone from bad to worse until last week’s attempt by Prime Minister Binyamin Netanyahu to end the crisis over the May 2010 flotilla clash, is to serve as the chairman of the new the Jerusalem Arbitration Center (JAC), set up to settle disputes between the Palestinian Authority and Israel.

Billionaire Rifat Hisarcıklıoğlu, who is president of the Union of Chambers and Commodity Exchanges of Turkey, is close to the Turkish president and is one of the most important figures in the country’s economy.

Palestinian businessman Munib al-Masri. Hisarcıklıoğlu, who has ties with the Turkish government, flew to Israel in his private plane Thursday to take part in the inauguration of the new center, Globes reported.

The center will operate under the auspices of the International Chamber of Commerce (ICC), whose Israel chairman Oren Shachor worked with al-Masri to establish the JAC.

“I am excited to have been chosen unanimously by Israel and the Palestinians,” Hisarcıklıoğlu said today.

Shachor told Globes that the JAC “will bolster trust between the two peoples and will represent an economic bridge. Today, most of the commerce between Israelis and Palestinians is conducted in cash, for fear of loss of the proceeds of deals because of the political situation. Now, with the two sides benefiting from the ICC’s sponsorship, and with a commitment from the Palestinian Authority to enforce the new arbitration center’s decisions, it will be possible to introduce these understandings into any future agreement between us and the Palestinians.”

Shachor said that the election of Hisarcıklıoğlu as JAC chairman is not connected with Netanyahu’s apology to Turkish Prime Minister Recep Tayyip Erdogan over the flotilla clash. Erdogan later demanded that Israel follow up with compensation and removing the ban on maritime traffic to Gaza to prevent Hamas from freely importing weapons for terror.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Turkish Billionaire to Head Israel-PA Business Arbitration Panel”

Comments are closed.

Current Top Story
What's happened to NYC's Celebrate Israel Parade?
Israel Rejects as ‘False’ UJA Federation’s Claims about Israel Parade ‘Inclusion’
Latest News Stories
FIFA logo

Israel praises FIFA for avoiding what Israel’s deputy foreign minister Tzipi Hotovely called an “absurd situation.”

FIFA president Sepp (Joseph) Blatter and PM Binyamin Netanayhu

FIFA Pres. Sepp Blatter, 79, was re-elected to a fifth term heading the world soccer federation, despite bribery allegations.

PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

At the last minute before the proposal was to go to vote, Rajoub submitted an amendment that would cancel the bid to suspend Israel.

FIFA logo

Zurich police have confirmed there was a bomb threat to blow up the FIFA congress, but they have since allowed the annual convention to continue following a search.

Israeli Consul General refutes UJA president’s claim that government insists NIF march in Celebrate Israel parade.

They stopped Blatter from speaking, waved PA flags and demanded “Israel out.”

Reishit HaGez is the giving to the Kohen the first cuttings of the fleece of sheep grown in the Land of Israel (based on Deut. 18:4: “You are to give them the first fruits of your grain, new wine and olive oil, and the first wool from the shearing of your sheep.”). Most Jews cannot […]

Postal officials refuse mailmen’s request to be relieved of the job to deliver Baptist cult material that may be illegal.

Final steps are underway for building the City of David’s “Kedem” visitor’s center in Jerusalem that will sit on top of the “Givati Parking Lot” excavation just outside of the Old City of Jerusalem’s walls. The visitor’s center will serve as an entryway to the Jerusalem Walls National Park, which includes the City of David […]

The Orthodox Union, B’nai Brith and the Houston Federation are pitching in.

Massachusetts Gov. Charlie Baker declared Sunday, May 31 as “Celebrate Israel Day,” when thousands of Israeli Americans, Jews and supporters of Israel are to attend the Celebrate Israel Boston Festival sponsored by the Combined Jewish Philanthropies and the Israeli-American Council Boston Chapter. Gov. Baker noted that Israel remains “a tremendous partner, economically and culturally,” to […]

The “rabbi “may be a “reverend” who allegedly was not revered by Ice Cube’s bullies.

Israeli PM Netanyahu talks about his vision for regional cooperation with Arab nations.

Hadera drew the attention of El Paso officials for the city’s desert environment, a large electric power plant, desalination plant and manufacturing complex, and the high-tech incubation programs at the Technion-Israel Institute of Technology, located 30 miles away.

A day devoted to “peaceful co-existence” in Jerusalem was marred by Arab “anti-normalization” thugs.

At least a dozen people are reported to have been killed in the attack, and another 30 wounded.

More Articles from Jewish Press News Briefs
PA's soccer chief Jibril Rajoub, a member of the Fatah Central Committee.

At the last minute before the proposal was to go to vote, Rajoub submitted an amendment that would cancel the bid to suspend Israel.

FIFA logo

Zurich police have confirmed there was a bomb threat to blow up the FIFA congress, but they have since allowed the annual convention to continue following a search.

Massachusetts Gov. Charlie Baker declared Sunday, May 31 as “Celebrate Israel Day,” when thousands of Israeli Americans, Jews and supporters of Israel are to attend the Celebrate Israel Boston Festival sponsored by the Combined Jewish Philanthropies and the Israeli-American Council Boston Chapter. Gov. Baker noted that Israel remains “a tremendous partner, economically and culturally,” to […]

At least a dozen people are reported to have been killed in the attack, and another 30 wounded.

They’re just rackng up the Iranian generals….

The Nusra front now controls all the cities in the province, which shares a border with Turkey.

Another surgery is needed. Please daven for Aryeh ben Rina.

Printed from: http://www.jewishpress.com/news/breaking-news/turkish-billionaire-to-head-israel-pa-business-arbitration-panel/2013/03/28/

Scan this QR code to visit this page online: