[Stammer]

Originally Posted by BBC

Israeli Prime Minister Ehud Olmert has proposed holding a regional peace conference following the revival of an Arab peace initiative.

[url=http://news.bbc.co.uk/2/hi/middle_east/6516573.stm:7a525]Link To Article[/url:7a525]

Originally Posted by BBC

The Saudi plan offers Israel normalisation of ties with Arab states if it pulls out of all Arab land it occupied in 1967 and a "just solution" for Palestinian refugees.

Israel rejected the plan outright when it was first proposed.

But Mr Olmert said on Thursday Israel was ready to make "big and painful" concessions to advance the peace process.

2002 Suggested Deal By Arab Governments

• Calls for "full Israeli withdrawal from all the Arab territories occupied since June 1967"
  Calls for Israel's "acceptance of an independent Palestinian State, with East Jerusalem as its capital"
  All Arab states would establish "normal relations... with Israel" and "consider the Arab-Israeli conflict ended"
  Calls for a "just solution to the Palestinian refugee problem"