Monday, January 19, 2009

Saudi Arabia to donate $1 billion to rebuild Gaza

President Hosni Mubarak, of Egypt, King Abdullah of Saudi Arabia, Sheikh Sabah Al Sabah, Amir of Kuwait and Sheikh Hamad Bin Khalifa Al Thani, Amir of Qatar, from left, walk in to the Arab Economic Summit at the Bayan Palace in Kuwait, Monday, Jan. 19, 2009. The Saudi king said an Arab initiative offering peace with Israel will not remain on the table forever. King Abdullah says Israel has to understand that the choice between war and peace will not always stay open.

The Saudi king said Monday his country will donate $1 billion to help rebuild the Gaza Strip after the devastating Israeli offensive and told Israel that an Arab initiative offering peace will not remain on the table forever.

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