Jerusalem: Israeli Prime Minister Benjamin Netanyahu hailed Nobel Peace Prize winner Shimon Peres as a "great man of the world" on Friday as he eulogised the man who was once his political rival at his funeral.

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"Shimon lived a life of purpose," Netanyahu told world leaders and other mourners gathered at Jerusalem`s Mount Herzl cemetery.

"He soared to incredible heights. He was a great man of Israel; he was a great man of the world. Israel grieves for him, the world grieves for him, but we find hope in his legacy, as does the world."