THE ARAB EUROPEAN TALKS ON THE ACTIVATION OF ARAB PEACE INITIATIVE ACCORDING TO RECOMMENDATIONS OF THE ARAB SUMMIT RECENTLY HELD IN RIYADH CONCLUDED HERE TODAY. THE ARAB DELEGATION, HEADED BY PRINCE SAUD AL-FAISAL, THE FOREIGN MINSTER OF THE KINGDOM OF SAUDI ARABIA, EXPLAINED THE DIMENSIONS OF ARAB MOVEMENT TOWARDS THE EUROPEAN SIDE. IN A PRESS CONFERENCE FOLLOWING THE MEETING, PRINCE SAUD AL-FAISAL SAID THE REGION WILL CONFRONT ACTUAL AND DANGEROUS RISKS IF IT DOESN'T REVIVE THE PEACE PROCESS EARNESTLY AND URGENTLY. THE VIEW POINTS OF THE TWO SIDES ON THE NECESSITY OF ACHIEVING SETTLEMENT WERE IDENTICAL, PRINCE SAUD SAID. HE POINTED OUT THAT ENOUGH TIME, ENERGY AND EFFORTS HAVE BEEN WASTED AND IT IS TIME NOW TO PROCEED IN THE DIRECTION OF REAL PEACE.