Not too bad an idea, but I think any organisation involving arabs WITH israel AGAINST another arab state would be impossible.
On a lighter note the above reminds me of Blackadder (4)
Blackadder - You see, Baldrick, in order to prevent war in Europe, two superblocs developed: us, the French and the Russians on one side, and the Germans and Austro-Hungary on the other. The idea was to have two vast opposing armies, each acting as the other's deterrent. That way there could never be a war.
Baldrick - But this is a sort of a war, isn't it, sir?
Blackadder - Yes, that's right. You see, there was a tiny flaw in the plan.
George - What was that, sir?
Blackadder - It was b@llocks.