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    Peres Says Israel Must Seriously Consider Arab Peace Initiat

    President Shimon Peres told world leaders on Wednesday at an interfaith dialogue in New York that the Arab peace initiative must be seriously considered as a real opportunity for real progress in Middle East peace. The proposal, initiated by Saudi Arabia in 2002 and ratified by Arab foreign ministers last year in Damascus, offers pan-Arab recognition of Israel in exchange for Israel's withdrawal from Arab lands captured in 1967. 11/13/08