Israel's president has urged Israeli and Palestinian leaders to overcome differences and resume peace negotiations, saying the sides could not afford "to lose this opportunity".
Shimon Peres issued his call ahead of a gathering of Middle East leaders on the sidelines of a conference hosted by the Geneva-based World Economic Forum on the shores of the Dead Sea in Jordan.
The conference included a rare face-to-face meeting between Israeli and Palestinian leaders, with the participation of US secretary of state John Kerry, who has devoted much of the past two months to restarting long-stalled peace talks.
"We shouldn't lose the opportunity because it will be replaced by a great disappointment," Mr Peres told reporters in Jordan. "For my experience, I believe it's possible to overcome it. It doesn't require too much time."
Palestinian president Mahmoud Abbas agreed. "Enough is enough. A lot of our young people have started to lose confidence in the two-state solution," he said to a loud applause from an audience of more than 1,000 business and government leaders from 23 countries worldwide.
He blamed the growing mistrust on Israeli moves, essentially construction in West Bank settlements and detention of hundreds of Palestinians.
Mr Abbas reiterated his rejection of partial solutions. "We will neither accept interim solutions, nor a state with temporary borders or a peace based on economic perks without progress on the political track," he said.
At one point in the closing session, Mr Kerry joked with Mr Abbas and Mr Peres - who exchanged hugs, kisses, handshakes and emotional speeches - telling both from the podium that he had an "agreement you can come up and sign". Mr Abbas peeked at Mr Peres, pointing to the podium. Then both laughed.
Palestinian-Israeli peace talks broke down nearly five years ago, in large part due to disagreements over Israeli settlement building on occupied territories claimed by the Palestinians.
The Palestinians say there is no point in negotiating while Israel continues to build Jewish settlements in the West Bank and east Jerusalem, which they say undermines their quest to set up an independent state. The Palestinians want both areas, captured by Israel in 1967, as parts of their state.