Banking services chronicle Published this article page no 56 In 1978 Israel and Egypt signed Camp David Accord to establish peace in the region and accordingly Israel returned Sinai Peninsula to Egypt in 1982. This however failed to bring about peace and stability in the region. In 1987 Hamas (Islamic Militant group) for the liberation of Palestine through Jihad came into existence. It refused to recognize Israel as a country In 1993 with the mediation of US and Russia PLO signs OSLO Accord with Israel that provides for Palestinian interim self govt to rule over West bank and Gaza strip however Israel backtrack and refused to consider Palestine a free country . In 2011 Palestine launched a diplomatic campaign to gain membership in the UN for the state of Palestine. Same year it was admitted in UNESCO as a full member however the Palestinian struggle for independent nation is still going on. Status of Jerusalem Jerusalem will be the sovereign capital of Israel. Capital of Palestine should be in the section of East Jerusalem located in all areas east and north of the existing security barrier could be named Al Quds or another name as determined by the State of Palestine. Conceptual map Map delineates what the potential Israeli and Palestinian state borders would be. The plan gives the Israelis and Palestinians four years to accept these borders Banking services chronicle buy.
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