Slippery Slope

Notes From a Crumbling Democracy

Closed Society: 1 March, 2011

without comments

Bank Leumi has approved the offer of real-estate investment firm Digal, of the construction project in the Nof Zion neighborhood in East Jerusalem, for the resolution of its debt. The meaning of this approval is that the last obstacle has been removed from the sale of the neighborhood, a Jewish enclave in the Arabic neighborhood of Jabel Mukaber, to Jewish investors led by Israeli businessman Rami Levy and Australian Jewish businessman Kevin Barmeister, and the continued construction of Nof Zion as a Jewish neighborhood — and the blocking of its sale to Palestinian investor Basher Al-Masri.


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Written by The Site's Team

March 1st, 2011 at 7:23 pm