Mr Abbas, 82, who was among the negotiators on hand for the historic signing of the Oslo Accords on the White House lawn in 1993, indicated that he did feel optimistic that almost a quarter-century later, Mr Trump might be the president who finally builds on that initial agreement to forge a final resolution to the conflict.
U.S. President Donald Trump (R) welcomes Palestinian President Mahmoud Abbas, after his arrival for a meeting at the White House.
During the Washington press conference, Abbas tried reassuring the U.S. president, responding, "We are raising our youth, our children and our grandchildren on a culture of peace".
President Trump expressed appreciation for President Abbas' unambiguous support for a negotiated settlement of the conflict.
President, you signed your name to the first Israeli-Palestinian peace agreement.
Abbas said his government was teaching its young people peace.
Mr Trump is widely viewed in Israel and the wider Middle East as far more sympathetic to Israeli interests - including the contentious issue of settlement building - than his predecessor Barack Obama.More news: Senate Intelligence Committee leaders demand Comey's notes
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Mr Netanyahu has said he is willing to meet Mr Abbas.
President Abbas said to reporters, "we are raising our youth, our children, our grandchildren on a culture of peace". Mr Trump is reportedly visiting Israel at the end of the month.
"But I hope that it's possible to achieve a change and to pursue a genuine peace", Netanyahu added. "This is something Israel is always ready for.", Mr Netanyahu said.
A senior US official said Tuesday that the issue of payments had been raised in preliminary talks with the Palestinians in Washington. It looks that as Abbas droned on and on, Trump looked like he'd rather be anyplace else.
President Trump highlighted his commitment to enabling meaningful economic growth in the West Bank and Gaza Strip, which will enhance the prospects for a just and lasting peace. Many Palestinians have become disillusioned with Abbas' strategy, after two decades of intermittent USA -led negotiations ended in failure while Israeli settlements keep expanding.
In an interview Thursday with Israel Radio, Shaath equated the PA's payments to Palestinian terrorists with salaries Israel provides to members of the IDF. "After 50 years, we are the only remaining people in the world who still live under occupation". Hamas has dismissed Abbas' strategy of negotiations as a waste of time and said he does not represent the Palestinians.
The tweet stated that he hoped "something terrific" could happen between Israel and Palestine, and it was retweeted thousands of times prior to being deleted.