Arab League summit approves $1bn fund for “Arab East Jerusalem”

The summit approved a fund to maintain the Arab and Islamic character of the city versus its “judaisation.” The fund will be managed by the Islamic Development Bank based in Jeddah.

Israeli Foreign Ministry spokesman Yigal Palmor said: “Objecting to the Judaization of Jerusalem, so to speak, is absurd, like objecting to the Catholic nature of the Vatican or the Islamisation of Mecca.”