2000s, the only two Arab countries Israel had signed treaties with are Egypt and Jordan, in 1979 and respectively. In 2020, United Arab Emirates (UAE) Bahrain were the latest countries in the Arab region formally establish diplomatic ties with Israel which is referred as Abraham accords. Hence statement 1 correct. Arab Peace Initiative was presented at an Arab summit in Beirut in March of 2002 and was at an Arab League summit in Riyadh in March The plan offers Israel full peace and normalization return for full withdrawal from the occupied territories. Israel, on the other hand, was in position to seriously engage in a comprehensive settlement at the time, and found many points of with the Initiative and thus did not signed it. 2022, The Saudi leadership has made clear that it to adhere to the API as the mainstay of its to formalizing relations with Israel. Hence 2 is not correct.