Palestinian President Mahmoud Abbas and Israeli Prime Minister Ehud Olmert will meet this weekend in Egypt to “discuss the recent Palestinian developments as well as well as ways of reviving the peace process,” a Palestinian official said.

Abbas and Olmert will meet at the Red Sea resort of Sharm El-Sheikh, according to newspaper Haaretz.

A senior Palestinian official said Thursday: “The meeting will talk place on Sunday in Sharm El-Sheikh ... (they) will discuss the recent Palestinian developments as well as well as ways of reviving the peace process.”

An official in Olmert's office said a meeting between the two leaders could take place but that no date had been set.

Egyptian President Hosny Mubarak will reportedly host the meeting and King Abdullah II of Jordan will attend. An exact date has not been fixed yet. This is the first meeting between the two officials since April.

Abbas ousted a Hamas-led unity government earlier this month, subsequently forming an emergency administration based in the West Bank city of Ramallah led by Prime Minister Salam Fayyad.

Abbas’s move has prompted President George W. Bush and Olmert to express support.