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In July 2006, Warren Buffett bought 80% of Iscar Ltd., which accounts for nearly 10% of Israel’s export GDP. Iscar’s founder is Stef Wertheimer, who for many years has been a big booster of Israel-Arab economic cooperation and coexistence. “The Arabs are marvelous people; it is good to work with them. Iscar’s chief metallurgical manager is an Arab,” says Wertheimer.
