Basel city has been a commercial hub and an important cultural centre since the Renaissance, and has emerged as a centre for the chemical and pharmaceutical industries in the 20th century. In 1897, Basel was chosen by Theodor Herzl as the location for the first World Zionist Congress, and altogether the congress was held there ten times over a time span of 50 years, more than in any other location. The city is also home to the world headquarters of the Bank for International Settlements. The name of the city is internationally known through institutions like the Basel Accords, Art Basel and FC Basel.
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