Palestinian Authority President Mahmoud Abbas called on US President-elect Barack Obama to implement an Arab peace plan as soon as he enters office. Abbas spoke at an economic conference in the northern West Bank town of Nablus on Saturday. It is the first time the PA President has asked Obama to adopt the Arab peace plan. The plan is referred to as the "Arab Initiative." It calls on Israel to withdraw from the West Bank, Gaza and parts of Jerusalem. It also calls on Israel to settle the issue of millions of Palestinian refugees.