Two Israelis and a Palestinian share the Nobel Peace Prize.
The Israeli Prime Minister, Yitzhak Rabin and Foreign Minister, Shimon Peres shared the Nobel Peace Prize, which is annually awarded by the Norwegian Nobel Committee based in Oslo, with the President of the Palestinian National Authority, Yasser Arafat. The Award was given out to the two parties for their efforts and work on the Oslo Accords, a series of agreements between the Palestinian Liberation Organization (PLO) and Israel. The Accords created the Palestinian Authority and made it the official governing body to interact with Israel on issues that effect the lives of Palestinians in Israel.