US President George W. Bush plans to hold a summit with Israeli and Arab leaders in Egypt next month, said MK Yossi Beilin (Meretz) Tuesday. Palestinian officials confirm that Washington is trying to set up a meeting between Bush and Palestinian President Authority Mahmoud Abbas, Prime Minister Ehud Olmert, and the leaders of Egypt and Jordan. Beilin said that the summit would be held in the Egyptian resort of Sharm el-Sheik. The meeting is to be a follow-up to last November's peace conference in Annapolis, Maryland, where Israel and the Palestinians relaunched peace talks after seven years. Senior Palestinian officials say the meeting would be held on May 17 or May 18. US officials had no comment on the reported summit.