Jerusalem, Feb 20 (IANS): Israel's Finance Minister Moshe Kahlon met with Palestinian Prime Minister Rami Hamdallah in the Palestine's West Bank city on Monday, and called on to renew the long-stalled peace talks.

The rare meeting was attended also by the Israeli Coordinator of Government Activities in the Territories (COGAT) Major General Yoav Mordechai, and Deputy Finance Minister Itzik Cohen, Xinhua reported.

The meeting was focused on security and financial issues, including the activity of Palestinian banks, building new industrial zones in the Israeli-occupied West Bank, and creating new jobs in the unemployment-stricken area.

Kahlon urged the Palestinians to return to the negotiating table with the United States as a mediator.

"The Americans are the only honest broker in the region," he said, adding that the talks should be restarted through the involvement of US President Donald Trump's Middle East envoy, Jason Greenblatt.

The Palestinians denounced the White House as a biased broker following Trump's recognition of Jerusalem as the capital of Israel on December 6.

The meeting marked a rare talk between Israeli and Palestinian officials, after the last round of peace talks reached an impasse in 2014.