Palestinian leaders accused the Trump administration of punishing them with one hand and offering to reward them with the other, as protesters turned out in the West Bank and Gaza on Wednesday to demonstrate against a U.S. economic peace plan.

Saudi Arabia's finance minister Mohammed al-Jadaan said on Wednesday that it will support whatever economic plan will bring prosperity to the Palestinians.

A Saudi Arabian delegation led by Finance Minister Mohammed Al-Jadaan is to take part in Bahrain conference on economic development in the Palestinian territories, the Saudi Press Agency said.

The "People's Movement" held a solidarity stand in front of the Bahraini Embassy in Beirut against the economic workshop taking place in Manama.

Thousands of Palestinians demonstrated Tuesday throughout the occupied West Bank and the Gaza Strip against the launch of the US administration's Middle East peace plan.

The Trump administration launched a $50 billion economic formula for Israeli-Palestinian peace on Tuesday, saying an investment program for the Palestinians was a precondition for ending the decades-old conflict.

Bahrain's king met on Tuesday with the U.S. delegation participating in a workshop in Manama discussing a U.S. economic plan for the Palestinians.

The so-called deal of the century is based on an economic rather than political solution that is being pushed by the Gulf States supporting the deal. This US-Gulf settlement does not include a political solution or any discussion about the State of Palestine.

Footage circulated on social media outlets showing a broadcast of an Israeli media outlet from the Bahraini capital, Manama.

A handful of Israeli journalists were making their way to Bahrain on Monday after getting special permission to attend a US-led economic conference on Israeli-Palestinian peace, hosted by the Gulf kingdom.

Egypt will take part in a Bahrain conference this week on Palestinian economic development in order to evaluate the proposed $50 billion "Peace to Prosperity" plan, Foreign Minister Sameh Shoukry said on Monday.

Palestinians don't need this week's U.S.-led Bahrain meeting to develop their country, they need peace, Palestinian Finance Minister Shukri Bishara said on Sunday.

Jordan said on Saturday it will send its deputy finance minister to attend the U.S.-sponsored Bahrain conference on Palestinian economic development next week.

Hundreds of Jordanian Islamists marched in the capital on Friday to denounce Washington's peace plan to end the Arab-Israeli conflict and demand their government boycott a conference in Bahrain next week that will examine the project.

The Saudi Asharq Al-Awsat newspaper said that a former general in the Israeli army will represent Israel in the upcoming economic workshop in Bahrain which will discuss the economic aspect of "deal of the century".

Following mediation by Jared Kushner, adviser and son-in-law of US President Donald Trump, Bahrain announced that it would allow six Israeli media outlets to cover the US-led "Bahrain Workshop" scheduled for next week.

Hamas leader Ismail Haniya said Thursday his Palestinian movement rejected next week's US-sponsored Middle East economic conference in Bahrain as it would amount to Arab "normalisation" of ties with Israel.

Palestinian businessmen boycotting the Trump administration's Bahrain workshop designed to encourage investment in the territories say only a diplomatic path to statehood can end decades of conflict with Israel.

Jordanian Foreign Minister Ayman Al-Safadi stressed that "Jordan is invited to attend a workshop in Bahrain," explaining that "Jordan hasn't yet taken its decision on whether it will participate."

Prime Minister Benjamin Netanyahu praised on Tuesday a U.S.-led conference on the Palestinian economy in Bahrain, and a source said a former Israeli general would be among the participants.