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Israeli and Palestinian leaders: war is bad for business

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Staff writer ▼ | May 29, 2013
Israel Palestine businessNearly 200 leading Israeli and Palestinian business leaders of some of the largest companies called for their governments to urgently end the conflict between their two peoples.


Members of the Breaking the Impasse Initiative (BTI), meeting at the World Economic Forum on the Middle East and North Africa at the Dead Sea, Jordan, said they would leverage their collective business experience and influence to convince leaders on both sides to begin serious negotiations with the goal of reaching a peace agreement.

The group called on the Israeli and Palestinian leaderships to take urgent action to renew the political process in order to end the Israeli-Palestinian conflict. In its call to action, the BTI said: "The current situation endangers the economy and the social fabric of both nations, and may render the two-state solution unattainable."

"Therefore, we call on the political leaders to move forward with boldness, courage and a sense of historic mission – to provide a comprehensive vision necessary to resolving all the final-status issues, ending all claims and securing peaceful and good neighbourly relations between the two states," added BTI.

The Initiative was launched jointly by Munib R.Masri, Chairman, PADICO Holding, and Yossi Vardi, Chairman, International Technologies Ventures, in May 2012, and has been facilitated by the World Economic Forum. Already, it counts among its members 200 leading Israeli and Palestinian business people, including executives of some of the largest companies and employers on both sides.

Among the Israeli members are: Yehuda Bronicki; Mooly Eden, President, Intel Israel; Shlomi Fogel, Chairman, Ampa Investments; Yadin Kaufman, Partner, Middle East Venture Fund; Jonathan Kolber, General Partner, Viola Private Equity; Benny Landa, Founder Indigo Group and Landa Group; Moshe Lichtman; Shmuel Meitar, Founder, Aurec Group, Amdocs; Dan Proper; Gad Proper; and Avigdor Vilenz, Founder, Galileo Technology.

Palestinian members include Samir Huleileh, Chief Executive Officer, PADICO Holding; Riad Kamal, founder of Arabtec construction firm; and Zahi Khouri, Chief Executive Officer, Palestinian National Beverage Company.

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