Arabs Set Up $1 Billion Fund For East Jerusalem With No Intent To Actually Give It
Jerusalem, Israel -
On Tuesday the Arab League approved a proposal by Qatar's emir, Sheikh Hamad bin Khalifa Al-Thani, to set up a $1 billion fund for East Jerusalem, a move widely seen as political and a house of cards.
The Emir said Qatar would donate $250 million to the fund, which he said is meant to preserve "the Arab and Islamic character of the city and reinforce the steadfastness of its people".
Under the plan, the Islamic Development Bank based in Jeddah, Saudi Arabia will manage the fund.





