web analytics
April 27, 2015 / 8 Iyar, 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
Fighters from the Al Qaeda-linked radical Islamist Al-Nusra rebel group in Syria.
Sources: Al Qaeda Bombed Hezbollah and Framed Israel
Latest News Stories
Mt. Everest climbers at the moment the earthquake hit.

Israel leads rescue efforts. Death toll will rise. Thousands are homeless. Below: Dramatic as-it-happened video.

Fighters from the Al Qaeda-linked radical Islamist Al-Nusra rebel group in Syria.

No matter who was behind the attack, Hezbollah knows it has more than one enemy.

Meretz's two "dangers" to Israeli education - The Book of Joshua and Naftali Bennett.

The left-wing party’s problem is that the ministry spent more money to promote Judaism than democracy.

IAF F-16B Fighter Jet

Arab sources report the IAF destroyed a missile site and killed Syrian soldiers.

The 4 terrorists were trying to plant a bomb in Israel on the Golan Heights.

The first group of rescued Israelis from Nepal are to arrive home on an IAF airlift in the wee hours of Monday with 3 premature babies.

Chabad co-emissary Chani Lifshiftz says “hundreds of Israelis” arrive safely at the Chabad House after deadly quake in Nepal.

British MP Ed Miliband has again been targeted, this time in a political campaign for being “the Jew.”

An Arab tried to steal the weapon from a civilian guard in the town of Eli.

GOP Senator Ted Cruz met with Republican Jewish leaders in Las Vegas Saturday on the campaign trail.

The idea behind Peres & Associates came to life two years or so before the end of President Shimon Peres’ term in office, when his team began planning the next phase in his career.

United Hatzalah, Zaka and First are among the first emergency responders from Israel to arrive in Nepal on Sunday as part of an international effort.

The PA and leftists lost twice in US courts, which threw out suits for libel and a claim against settlers’ “terrorist attacks.”

Lauder: ‘Jews demanded no ‘Right of Return’ to Germany or Austria or Poland or any other European country.’

Several Israelis suffered light injuries but 150 still have made no contact with officials.

More Articles from Jewish Press News Briefs
Air Force chief Ido Nehushtan checking an unmanned aircraft. Jihadists say they won't cease fire until Israel stops targeted killings which often utilize drones.

The 4 terrorists were trying to plant a bomb in Israel on the Golan Heights.

Representatives from IsraeLife, United Hatzalah, Zaka and First strategize on how to provide the best relief in Nepal.

United Hatzalah, Zaka and First are among the first emergency responders from Israel to arrive in Nepal on Sunday as part of an international effort.

An Arkia plane made an emergency landing at Ben Gurion Airport Sunday morning after a bird was caught in one of the planes’ engines during a flight to Eilat. The plane landed safely. It was the second emergency landing in a week at the airport. An El Al plane that took off for Prague last […]

Several Israelis suffered minor injuries in Saturday’s devastating earthquake in Nepal that killed approximately 1,500 people, but approximately 250 Israelis are not accounted for, according to the Foreign Ministry. Communications systems have been disabled by the earthquake, which measured 7.9 on the Richter scale and is the latest in a series of disasters that have […]

The road from Jerusalem to Ma’aleh Adumim is closed to traffic due to Arab stone-throwing.

A soldier was stabbed, and a second soldier was nearly stabbed in separate attacks on Shabbat.

Three police have been injured in Jerusalem after a car ran into them. The three were walking on the sidewalk when the car slammed into them. The vehicular attack happened on the “Cohen’s Path” near Beit Orot on the Mount of Olives. One is moderately injured with pelvic injuries, and the other two are lightly […]

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: