"Our efforts are focused on preserving the stability and security in our region," he said. Peace between Israel and Egypt had existed for more than three decades and the aim was "to ensure that these relations continue to exist," Netanyahu said, while insisting Israel would act "responsibly, with restraint and maximum discretion."

As well as consulting with his ministers, Netanyahu said he had also spoken with US President Barack Obama and Secretary of State Hillary Clinton about the developments in Egypt, where a wave of massive protests are engulfing the country.So far, more than 100 people have been killed in the biggest demonstrations to sweep the country since the late 1970s, with protestors demanding the the removal of Egyptian President Hosni Mubarak.