A bleeding city
News24's Verashni Pillay was in India during the terrorist attacks, and recounts the fear.
What next for Arnie?
With Arnold Schwarzenegger's governorship in its final years, one question is arising more frequently.
Search News24
     World : News Get News24 on your mobile Terms & conditions 
Homepage
World
News
South Africa
Africa
Sport
Entertainment
Sci-Tech
Finance
Health
Galleries
 
SA Politics
Zimbabwe
Aids Focus
More...
 
MyNews24
Columnists
Sports Columnists
Feedback
 
National Lottery
UK Lottery
Travel
Competitions
Horoscopes
TV Guides
Classifieds
Food
 
Sudoku
Aces High
Silly Solitaire
Word Cube
Make 24
Golf Solitaire
Battleship
More games
 
Stidy
The Biggish Five
Treknet
 
Newsletters
Weather

Cape Town:
17-23°C

Durban:
21-23°C

Johannesburg:
16-27°C

Weather Page

Traffic
Gauteng KwaZulu-Natal Eastern Cape Western Cape
All regions
Indicators
Rand/$ 10.1400
Rand/£ 14.8800
Rand/€ 12.9500
Gold/oz $768.80
Gold Mining 1982.37
+0.00%
All-share index 19800.93
+0.00%
 
Win a VIP trip to NYC and the musical opportunity of a lifetime!
Wyclef Jean and Fergie are looking for a budding popstar from South Africa.

 
Afrikaans
English

$1bn Middle East peace offer
07/12/2006 15:53  - (SA)  

Want to know more?
Answerit can help.
  • Rice urges focus on Palestine
  • 'SA can help in Mid-East peace'
  • 'SA can help in Mid-East peace'
  • Mideast: SA must take sides
  • Mideast: SA must take sides
  • Jerusalem - In a new Middle East initiative, an Israeli businessman is offering the Palestinian prime minister $1bn if he and his Israeli counterpart can sit down and reach a peace agreement.

    Billionaire businessman Avi Shaked, who made his fortune running internet gambling sites, says he has lined up a consortium of international financiers who are ready to inject the money immediately if a deal is struck.

    An initial instalment of $100m would be made if Prime Minister Ismail Haniyeh - a Hamas leader - and Israel's Ehud Olmert can just manage to sit down and start talking.

    Odds on the initiative succeeding would appear to be slim.

    Hamas advocates the Jewish state's destruction and Israel regards the movement as a terrorist group.

    "The killing must be stopped," Shaked said in an interview on Wednesday to explain a plan that he says even has the approval of British Prime Minister Tony Blair.

    First 10% to be invested immediately

    "My initiative is to both leaders: please sit down, start negotiations and try to reach an agreement.

    "The moment that both sides will reach an agreement, this private equity that I am offering will immediately invest $1bn. The first 10% will be invested immediately when the negotiations start."

    Shaked, 53, a supporter of Israel's centre-left Labour party who has launched peace initiatives in the past, says his latest is a serious proposal that could see up to one million new jobs created in the impoverished Palestinian territories.

    Shaked wants the money to bring the Palestinian economy up to the standards of the Israelis, putting the sides on a level footing and doing away with the poverty that helps fuel the conflict.

    "We are almost the same people, we are cousins, why can't we start to talk," he said.

    International sanctions

    Haniyeh, who is on a tour of the Middle East to try to raise money for his government, hamstrung for the past nine months by international sanctions, was reported to have rejected the offer on Tuesday.

    But Shaked said he understood Haniyeh and Hamas, which has run the Palestinian government since March after winning elections, were considering the proposal.

    Israel's government was more dismissive of the initiative, with an official saying it was already committed to long-standing proposals such as the US-backed "road map".

    "With all respect, this is not something you do with millionaire's money," said the official, who asked not to be named. "This is a government that answers to an electorate."

    Olmert has said he will not negotiate with Hamas. He has said, however, that he will talk to Palestinian President Mahmoud Abbas, the leader of Fatah, a more moderate party and rival to Hamas.

    Attempts to set up a meeting between the two in recent months have so far borne no fruit.

    But Shaked says he is fully committed to making something work with his fortune.

    "I have made a lot of money, but I am ready to spend it all if it will lead to peace," he said.

    - Reuters



    What is this?
    Yahoo Digg Del.icio.us Facebook Brought to you by OUTsurance Car Insurance
     
    News24 Headlines on your Facebook profile News24 on mobile  



     

    About us | Advertise | Contact us | Job opportunities | Press Releases | Site map

    Back to top
     Jobs
    Building Construction Foreman
    Nigeria
    Building / Construction / Skilled Trades
    Site Engineer
    Nigeria
    Building / Construction / Skilled Trades
    Building Construction: Planner
    Nigeria
    Building / Construction / Skilled Trades
    Mechanical Engineer HVAC
    Nigeria
    Building / Construction / Skilled Trades
    Structural Engineer
    Nigeria
    Building / Construction / Skilled Trades
     Sponsored links
    Life Insurance
    Car Insurance
    UK Lottery
    First for Women
    Your Homeloan
    Bid or Buy
    Medical Aid
    Education
    Loans & Credit Cards
    Compare Quotes
    Life Insurance for Women
    Audio, TV, GPS & PS3 etc
    Car Servicing & Repair
    Win up to R1000 free!