Saudi Arabia had initially scheduled two summits over this weekend, one for members of the Organization of Islamic Cooperation and the second for the Arab League. But they were combined into one event on Saturday.
The war, which was triggered by an attack by Hamas, has killed more than 10,000 Palestinians, drawing concern from regional leaders about the unrest spreading.
The rivalry between the two powers has shaped regional politics, playing out through proxy conflicts in Yemen, Iraq, and Lebanon.
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