Jan. 22 (UPI) -- President Donald Trump held a signing ceremony for his new Board of Peace at the World Economic Forum in Davos, Switzerland, Thursday, calling it one of the "most consequential bodies" ever created.

Egypt "announces its acceptance of the invitation and its commitment to fulfilling the relevant legal and constitutional procedures," the statement said, praising Trump's Middle East policies.

It was initially designed as an initiative to cement the Israel-Hamas ceasefire.

US President Donald Trump has unveiled his Board of Peace, an initiative he says will seek to resolve global conflicts and promote stability, peace, and governance “in areas affected or threatened by conflict.”

US President Donald Trump unveiled the Board of Peace at the World Economic Forum in Davos on January 22, securing signatures from leaders from approximately 35 Nations.

The United States president said on Wednesday (Jan 21) that his Board of Peace initiative would “get a lot of work done that the UN should have done”.

Originally meant to oversee peace in Gaza after the war between Hamas and Israel, the board's charter envisions a wider role in resolving international conflicts.

Pakistan joins Board of Peace after US invitation.Focus on Gaza ceasefire, aid and reconstruction. Supports two-state solution under UN resolutions.ISLAMABAD: Pakistan has decided to join US President Donald Trump's Board of...