New York, Feb. 12 -- : Palestinian President Mahmoud Abbas on Tuesday (local time) rejected the US President Donald Trump's Middle East Peace Plan at the United Nations Security Council (UNSC).

"I have come to you today to reaffirm the Palestinian position that rejects the Israeli-American proposal," Abbas was quoted as saying by Al Jazeera.

"It annuls the legitimacy of the Palestinian rights, our rights to self-determination, freedom, and independence, in our own state. It legitimised what is illegal - settlements and confiscation and annexation of Palestinian land," he said, referring to Israel's illegal settlement expansion project in the occupied West Bank and East Jerusalem.

Abbas, however, also stated that he was ready to launch ne...