IMEMC - Israeli supermarket magnate Rami Levy has made made a successful bid to take over development of the Nof Zion settlement project being built near the Palestinan neighbourhood of Jabal Al Mukabber in occupied East Jerusalem.
Following the collapse of Digal, the Israeli construction company originally involved, Arab-American businessman Bashar Al-Masri tried to buy the land to develop it himself.
But following pressure from Israel's national religious community, which threatened to withdraw their money from financial institutions that supported Al-Masri, Digal creditors voted to sell to Levy and his Australian associate Kevin Bermeister.
…….East Jerusalem is considered to be occupied territory under international law. Read more