Arab countries pushing for new agreement between Israel and Saudi Arabia - report

Five Arab countries are pushing for a new proposal in the Gaza Strip, which would create a path towards a Palestinian state in exchange for Saudi Arabia's recognition of Israel and normalization between the two countries, The Wall Street Journal reported on Monday.   

The proposal was submitted to Israel via the US. 

According to Saudi and Egyptian sources, the proposal has so far been dismissed by the Israeli government, with the main point of contention being the creation of a Palestinian state.

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