President Hosni Mubarak Saturday held talks with Saudi Foreign Minister Saud al-Faisal over the latest developments in the Arab world in the Egyptian red Sea resort city of Sharm el-Sheikh, the official Middle East News Agency (MENA) reported. It added that Mubarak and the Saudi minister discussed the situation in Iraq and Sudan after the election in both countries. The Middle East peace process and the indirect Palestinian-Israeli talks were also on the table, according to the agency.