Mr Ouyahia, special envoy of Algerian President Abdelaziz Bouteflika, said the proposal had been drafted with US envoy Anthony Lake and European Union representative Rino Serri.
Mr Netanyahu and US envoy George Mitchell released a joint statement after their four-hour meeting at the Park Lane Hotel, saying Israeli officials would meet Mr Mitchell again next week, AFP news agency reported.
Samuel Pisar, the writer and Lawyer newly appointed UNESCO Special Envoy for Holocaust Education, and Hannah Rosenthal, US Special Envoy to Monitor and Combat Anti-Semitism, US Department of State.
He was accompanied by the US special envoy Richard Haass, US Consul Barbara Stephenson and Belfast Lord Mayor Jim Rodgers.
Mr Panetta's statement comes just over a week after a statement made in Islamabad by US special envoy Richard Holbrooke that the US intelligence community did not know where the al-Qaeda leadership was hiding.
The US Economic Envoy to Northern Ireland, Declan Kelly has welcomed Allen and Overy's move.
Peter Robinson and Martin McGuinness were speaking at the Fortune 500 dinner hosted by the US Special Envoy to Northern Ireland, Paula Dobriansky.
Israeli and Palestinian security officials agreed a few days earlier to try to work out a truce before US peace envoy Anthony Zinni returns to the region, on or around 18 January.
Meanwhile, speaking in Washington ahead of the Saint Patrick's Day celebrations, US special envoy to Northern Ireland Mitchell Reiss said the government's inquiry into the killing must be "transparent and have the power to publish the full truth".
BBC: NEWS | UK | Northern Ireland | Finucane inquiry plans criticised
Last week, David Satterfield, a US State Department envoy, got a cool reception from Israeli officials for the roadmap.
Among those summoned to the foreign ministry was the Swiss envoy who represents US interests in Iran.
Correspondents say it was therefore not surprising to see Mr Karzai give his reaction to the run-off, at a news conference alongside UN envoy Kai Eide and US Senator John Kerry.
Among other possibilities, that proposal may have included a US agreement to appoint a UN envoy responsible for organizing a UN conference calling for the Greater Middle East to become a nuclear-free zone.
On Thursday, US President Barack Obama's Middle East envoy George Mitchell arrived in Israel for his second visit.
In an interview with us last fall, India's investment envoy Kamal Nath defended his nation's "calibrated approach" to reform.
Ahead of his current trip to the Middle East, US President Barack Obama's Middle East envoy George Mitchell made what might have been construed as a positive step in Israel's direction.
He said even when he was special envoy, he had to balance the many US interests in the country, including the need for better intelligence-sharing.
He spent a good part of his day on Wednesday speaking on the phone to US Secretary of State Hillary Clinton, and meeting with Quartet envoy Tony Blair and UN Secretary- General Ban Ki-moon, begging the foreign leaders to convince the Palestinians not to abandon the negotiations.
Samuel Pisar, UNESCO Special Envoy for Holocaust Education and Hannah Rosenthal, Special Envoy to Monitor and Combat Anti-Semitism for the US Department of State will be among the participants.
Former US President Bill Clinton, who now serves as the UN Special Envoy to Haiti, also attended the launch of the park in the impoverished north of Haiti, some 160km (100 miles) from the capital, Port-au-Prince.
Hours before the artillery fire incident occurred America's top envoy on North Korea, Stephen Bosworth, said that the US could not "contemplate resuming negotiations while active programmes are under way".
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