Foreign ministers from 14 Arab League member-states, along with their accompanying delegations, attended Thursday's meeting.
Tensions have also flared between the PA and the USA over Washington's decision to cut funding to the United Nations agency for "Palestinian refugees", UNRWA.
The Arab peace initiative committee will convene on Thursday for an emergency meeting at the level of foreign ministers at the premises of the general secretariat of the Arab League.
On Dec. 6, U.S. President Donald Trump officially recognized Jerusalem as Israel's capital, sparking widespread condemnation and protest from across the Arab and Muslim world.
The Executive Committee also chose to form a higher committee to implement the decisions of the Palestinian Central Council, including the decision to suspend the recognition of the State of Israel until the latter recognizes the State of Palestine on the 1967 borders, repeals the decision to annex East Jerusalem and halts settlement activities.
The meeting will be chaired by Jordan to probe the latest developments pertaining to Jerusalem in view of the recent decision of the U.S.to recognize the holy city as the capital of Israel.
On Wednesday EU diplomatic chief Federica Mogherini also said the United States was "essential for any process to realistically have a change to succeed".
Speaking in Tehran on Wednesday, Deputy Foreign Minister Abbas Araqchi said the city would remain the Palestinian capital forever, Iran's Fars News Agency reported.
The United States is one of the five permanent members of the Security Council, however; it is likely the application won't make it out of the UNSC chamber, since the USA will probably would veto the application.
Palestinians also see the disputed city as their capital and Trump's December 6 recognition broke with decades of worldwide policy that the issue should be resolved through negotiations.
The state has solidified its hold on the occupied territory by building settlements both within East Jerusalem and in bordering areas in the occupied West Bank.
Ambassador Sayyar reiterated the firm position of the Kingdom of Bahrain in support of the Palestinian cause and all the efforts aiming to achieve a just and comprehensive peace in the region in addition to recognizing East Jerusalem as part of the territories occupied in 1967 and one of the final status issues that will only be resolved through negotiations between the two Palestinian and Israeli sides in accordance with the relevant global laws and the two-state solution.