The city has played host to a number of important Middle Eastern peace conferences, including the 4 September 1999 agreement to restore Palestinian self-rule over the Gaza Strip. A second summit was held at Sharm on 17 October 2000 following the outbreak of the second Palestinian intifada, but it failed to end the violence. A summit was held in the city on 3 August 2005 on developments in the Arab world, such as the situation in the Arab–Israeli conflict. Again in 2007, an important ministerial meeting took place in Sharm, where dignitaries discussed Iraqi reconstruction. The World Economic Forum on the Middle East was hosted by Sharm el-Sheikh in 2006 and 2008.