You say that the Arabs will give nothing. Have you forgotten that several years ago the Saudis made a proposal whereby Israel, in exchange for a return to the 1967 border, would get full recognition from every Arab state as well as normal relations. Well guess what! Israel turned that proposal down flat. Seem that Israel prefers land over peace and, as a result, may never know peace. Frankly I see absolutely no reason for the Arab countries to normalize relations with Israel as long as the occupation and theft of Palestinian lands continue unabated.
U.S. says working on initiative to de-escalate Syria fighting, with focus on Aleppo (Reuters)
from the article: Rahm Emanuel: Obama summit was not just a photo opportunity