Sharm El Sheikh, Egypt, January 04, 2010 (SPA) -- Egyptian President Mohammed Hosni Mubarak and the visiting Palestinian President Mahmud Abbas today held talks in Sharm El-Sheikh during which they discussed on-going peace efforts. President Mubarak briefed his Palestinian counterpart on the peace proposals presented by Israeli Premier Benjamin Netanyahu during last Tuesday"s visit to Cairo. "Moreover, reconciliation efforts and the ideas which Foreign Minister Ahmed Abdul-Gheit and Intelligence Chief Omar Suleiman will present to US President Barack Obama during their visit to Washington on January 8, 2010, were also reviewed," according to a report of Bahrain News Agency (BNA). --SPA 15:09 LOCAL TIME 12:09 GMT www.spa.gov.sa/734556