Egypt’s President Abdel-Fattah El-Sisi on Thursday hailed a new agreement between the UAE and Israel that would "bring peace to the Middle East".

“I followed with great interest and appreciation the tripartite joint statement between the United States, the fraternal United Arab Emirates, and Israel, regarding the agreement to suspend the annexation of Palestinian territories and to take steps that would bring peace to the Middle East," El-Sisi wrote on his official social media accounts.

“I also appreciate the efforts to achieve prosperity and stability for our region by those in charge of this agreement," the president added.

US President Donald Trump announced the deal on Thursday, having helped to broker it.

Under the accord, Israel has agreed to suspend the planned annexation of areas of the occupied West Bank.

Egypt supports a two-state solution with a Palestinian state whose capital is East Jerusalem and which is based on the 1967 borders, according to the UN Security Council resolutions.

Cairo has repeatedly expressed its rejection of Israel’s plan to annex the West Bank and called for the revival of the peace process.

The UAE is the first Gulf state and the third Arab country, after Egypt and Jordan, to officially normalise relations with Israel.