Iranian Foreign Minister Mohamamd Javad Zarif described as "ironic" Saudi accusing Tehran of "destabilization".
"We are obliged today to take a serious and honest stand.to counter these belligerent policies so that we can protect our security", said Al-Jubeir.
In a statement attributed to Iraqi Foreign Ministry spokesperson Ahmed Mahjoub, Baghdad said Monday the parts of the Arab League resolution that referred to Hezbollah as a terrorist organization were "inconsistent with the clear and absolute Iraqi position in defining terrorism realistically and accurately".
While not mentioning Iran by name, he said Lebanon condemned all attacks against Arab nations, but blamed exploitable inter-Arab divisions that allowed worldwide and regional powers to promote their interests.
He cited a ballistic missile fired by Iranian-backed rebels in Yemen earlier this month that was intercepted near the Saudi capital, Riyadh, as an example of how far Iran has gone with its aggressive policy in the region.
Lebanese president Michel Aoun, a Hizbollah ally, said Lebanon can not accept suggestions that its government is a partner in acts of terrorism.
Sunday´s League resolution issued "strong condemnation" of a November 4 missile attack by Huthi rebels in Yemen and targeting Riyadh, saying it was "blatant aggression against the kingdom and a threat to Arab national security".
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During the meeting Bahrain's Foreign Minister Sheikh Khalid bin Ahmed Al-Khalifa was quite vocal against Hezbollah saying it was "in total control" of Lebanon.
Saudi Foreign Minister Adel al-Jubeir attends a meeting at the Arab League headquarters in the Egyptian capital Cairo on November 19, 2017.
"The Iranian threats have gone beyond all limits and are pushing the region toward a unsafe precipice", Abul Gheit added.
Saudi Arabia and Iran are backing opposite sides in wars in Yemen and Syria.
Speaking before Al-Jubeir at the 20-minute session broadcast live, Aboul-Gheit, the Arab league chief, was just as critical of Iran as the Saudi minister. PM Saad Hariri, a Sunni leader belongs to Future Movement. Relations between Saudi Arabia and Iran have been rocky since the 1979 Iranian revolution. Many Lebanese, including President Michel Aoun and Hezbollah Secretary General Hassan Nasrallah, have said they believe Hariri resigned under Saudi pressure.
"That doesn't mean they agree to the escalation of Iranian interference in various Arab countries, but paradoxically it was the incompetence and the division among those Arab countries that was the main factor why Iran is able to expand its influence in the region", added Bishara.