In the wake of the impasse in Israeli-Palestinian peace negotiations, Egypt is organizing a regional peace conference, London-based Arabic language daily Al-Hayat reported on Saturday.
The conference will take as its principles, decisions passed by the UN on the issue of Middle East peace.
The report quoted an Egyptian official as saying that finding a way to keep the peace process alive despite the right wing government in Israel is a necessity.
The official was critical of Prime Minister Binyamin Netanyahu, stating that he was unwilling to make concessions for peace.
He added that the direction of the peace talks will become clearer following Midterm elections scheduled for Tuesday in the US.