In a statement marking the Nakba "catastrophe" of Palestine, the Arab League on Thursday called for resolution of the Palestinian cause in line with relevant UN resolutions which guarantee self-determination right of the Palestinian people to establish their independent state with Jerusalem as its capital.

The statement urged the international community to immediately intervene to break the economic embargo on the Palestinian people and to press upon Israel to accept the Arab peace initiative.

The Arab League said the initiative, approved by the Arab leaders in Beirut, Lebanon, in 2002, was "the first and perfect step" towards a comprehensive peace in the region.

The commemoration of Nakba, said the League, followed the Arab summit that was held in Riyadh, Saudi Arabia, in March this year during which the Arab leaders reiterated that peace was their strategic option that could be achieved through the initiative, which offers peace in return of liberation of all occupied Arab lands.

The Arabs, added the League in a statement, sought a "historic conciliation" that would put an end to the Arab-Israeli conflict.

It urged the Israeli leaders to recognize legitimate rights of self-determination of the Palestinian people in order to establish their independenty state with Jerusalem as its capital.

The Nakba is being commemorated while the Palestinian people are experiencing harsh living conditions under the Israeli occupation, said the League.