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Egyptian Foreign Minister Ahmed Aboul Gheit says that the presence of Israeli and U.S. tanks on Arab soil is leading to more instability in the region.

Aboul Gheit's made his remarks at a panel Monday on regional stability during the World Economic Forum on the Middle East at the Red Sea resort of Sharm el-Sheikh.

The foreign minister added that the instability in the region also came from a lack of political determination to solve the region's problems, particualrly the Israeli-Palestinian conflict.

The remarks come a day after U.S. President George W. Bush delivered a speech lecturing the Arab world on what they needed to do, which most regional leaders saw as biased in favor of Israel.

Bush counseled Arab states to move past their old resentments against Israel and invest aggressively in the Palestinian people, what he views as their role in the process.