A Gulf diplomatic source, who declined to reveal his name or position, told The Media Line that "President Donald Trump will issue a declaration regarding the State of Palestine and its American recognition, and that a Palestinian state will be established without Hamas."

The source added, "If a US declaration of recognition of the State of Palestine is issued, it will be the most significant announcement that will change the balance of power in the Middle East, and more countries will join the Abraham Accords."

The source confirmed that economic agreements will certainly be present, but many have already been announced, and we may see Gulf countries exempted from customs duties.

But US Ambassador to Israel Mike Huckabee refuted the source's statements on Twitter Saturday afternoon, describing the rumors as "nonsense" and asserting that Israel has no better friend than the United States.

In turn, Ahmed Al-Ibrahim, a former Gulf diplomat, told The Media Line: "I don't expect the summit (between Trump and Gulf leaders) to be about Palestine. Neither Egyptian President Abdel Fattah el-Sisi nor King Abdullah II of Jordan were invited. They are the two countries closest to Palestine, and it is important for them to attend any event like this."

Al-Ibrahim added, "There will be major deals coming, perhaps similar to what happened at the 2017 Gulf-US summit, when the value of Saudi deals exceeded $400 billion. Let's not forget that the UAE announced investments in the United States worth more than $1 trillion, and Saudi Arabia announced investments worth more than $600 billion."

"This is clear because President Donald Trump intends to visit the UAE and Qatar after concluding his visit to Saudi Arabia. These two countries are important economies with significant financial resources and significant investments in the United States," he added. Ahmed Bushouki, a Saudi political analyst, told The Media Line: "This is about major economic deals that will be concluded in Saudi Arabia. US President Donald Trump may have been hinting at this when he called on the American people to 'buy stocks now, before his important announcement in the next two days.'"

A well-informed source who advised on the "Deal of the Century" announced by President Trump at the White House in January 2020 told a correspondent for Al-Quds newspaper that talk of the United States recognizing a Palestinian state along the lines of the model constantly discussed at the United Nations and the Arab League is a fantasy.

“First of all, these are baseless rumors, for a very simple reason: President Trump presented his vision in its entirety in the Deal of the Century five years ago,” said the source, who requested anonymity and currently works for a consulting firm that provides political advice to a Gulf state. “I believe that the text he presented includes frameworks for a Palestinian entity that guarantees Israel’s security, gives it the control it needs over the Jordan Valley, and ensures that Israelis will not be displaced from Judea and Samaria. I don’t think the president is willing to back down from what he himself presented.”

The "Deal of the Century" gives the Israeli occupation authorities the right to seize 33% of the occupied West Bank, including the Jordan Valley.

Regarding news of peaceful nuclear cooperation between the United States and Saudi Arabia to generate electricity in the Kingdom, Saudi Arabia announced a program in 2010, and it has been discussed several times before. International companies are now working on these projects in Saudi Arabia.

Saudi Arabia will host a Gulf-US summit this week during Trump's visit to the Middle East.