The President of Egypt, Hosni Mubarak, invites the leaders of the Palestinian Authority, Israel, and Jordan to a summit on Sunday to discuss the Palestinian crisis.
An aide to Palestinian President Mahmoud Abbas said on Thursday that Egypt has invited Israeli, Palestinian and Jordan to a summit next week to discuss economic and political concerns.
- Israeli-Palestinian Conflict: A truce is declared between Israel and the Palestinian Authority. Mahmoud Abbas, the President of the Palestinian Authority, and Ariel Sharon, the Prime Minister of Israel, shook hands at a four-way summit at Sharm el-Sheikh that was also attended by Egyptian President Hosni Mubarak and Jordan's King Abdullah. Palestinian organization Hamas says it is not bound by the ceasefire.
- The President of Israel Shimon Peres and the President of Egypt Hosni Mubarak agree that Israel and the Palestinian Authority should hold direct talks.
- The first synchrotron in the Middle East, SESAME, opens in Jordan, marking a rare cooperation between Iran, Israel, Turkey, and the Palestinian Authority.
- Egyptian officials scrap a deeply unpopular agreement to supply Israel with natural gas. Former President of Egypt Hosni Mubarak, ousted in last year's revolution, had been accused of selling the gas too cheaply.
- Negotiators from Israel and the Palestinian Authority meet in the Jordanian capital, Amman, for the first time in 16 months.