Egypt hopes that the agreement reached between Iran and world powers would lead the Middle East region to security and stability, the Egyptian Foreign Ministry said in a statement Tuesday.

"We hope it will stop the eruption of an armament race in the Middle East and will free it from WMD (weapons of mass destruction), including nuclear ones," Foreign Ministry's spokesman Badr Abdel-Atty said in the statement.

The official said that Egypt is currently studying the items of the agreement to assess its content accurately, hoping the items will conform to those of the treaty on the non-proliferation of nuclear weapons.

Iran and six world powers, including the United States, Russia, China, Britain, France and Germany, reached in Vienna on Tuesday an agreement to limit Iran's uranium enrichment capacity, level and stockpile for a specific period in return for relieving the sanctions imposed on the Islamic Republic for its nuclear program.

While the deal is hailed by Iran and the United States, Israeli Prime Minister Benjamin Netanyahu referred to as a "historic mistake."