ISRAELI DISPUTE WHICH HAS BEEN UNDERMINING THE REGIONAL SECURITY AND PEACE. 'THE SETTLEMENT OF THE DISPUTE WILL POSITIVELY CONTRIBUTE TO THE SETTLEMENT OF CRISES IN THE REGION EITHER IN LEBANON OR IRAQ'. 'WE DO BELIEVE THAT ANY EFFORT FOR THE SETTLEMENT OF THIS DISPUTE SHOULD BENEFIT FROM THE EXPERIENCES OF THE PAST THROUGH FOCUSING ON THE SUBSTANTIAL ISSUES AND AVOIDING WASTING TIME ON PROCEDURAL ONES. PRINCE SAUD SAID EFFORTS IN THIS RESPECT SHOULD CONFORM WITH THE PRINCIPLES OF THE INTERNATIONAL LEGITIMACY, THE RESOLUTIONS ISSUED BY THE UN'S SECURITY COUNCIL, THE ROAD MAP, THE ARAB PEACE INITIATIVE AS WELL AS THE VISION OF PRESIDENT GEORGE BUSH ABOUT THE ESTABLISHMENT OF TWO INDEPENDENT STATES IN ADDITION TO THE ESTABLISHMENT OF A SUITABLE MACHINERY FOR FOLLOWING UP THE IMPLEMENTATION OF THE REQUIREMENTS OF THE PEACE PROCESS BY THE CONCERNED PARTIES'. --MORE