Kerry, Peres and Abbas at World Economic Forum
U.S. Secretary of State John Kerry, center, Israeli President Shimon Peres, right, and Palestinian President Mahmoud Abbas all shake hands during the World Economic Forum May 26, 2013. Photo by AP
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U.S. Secretary of State John Kerry met with Israeli and Palestinian presidents Shimon Peres and Mahmoud Abbas at the World Economic Forum in Jordan, where peace talks were high on the agenda.

Talks to reach an agreement on military draft reform broke down due to committee members' inability to reach consensus on ultra-Orthodox enlistment. Talks are set to resume Monday with Finance Minister Yair Lapid threatening to break up the government if the resolution doesn't assure an equal burden.

MK Yariv Levin submitted a controversial proposal that would give Judaism superiority over Democracy in Israel.

Israel's West Bank settlements grew by nearly 7,500 dunams in 2012, roughly twice the size of New York's Central Park.

Attorney General Yehuda Weinstein told the High Court of Justice that Ramat Gan Mayor Zvi Bar – currently under investigation for charges of bribery, fraud and obstruction of justice – is not fit for office.

Market figures from the Tel Aviv Stock Exchange have fallen 44% since 2010 and have reached their lowest since 2006.

The proposed legislation to eliminate the age limit to candidacy for Israel's Chief Rabbi was withdrawn due to lack of ministerial support. The cutoff will remain at 70 years of age.

With Bank of Israel Governor Stanley Fischer stepping down after eight years on the job, Prime Minister Netanyahu is meeting with candidates vying for the position. He is set to decide in the next few weeks who will take over.