There is no single "correct" answer as the name should reflect the desired image and political implications. Here are several options, categorized by approach:

Options emphasizing unity and peace:

• PeaceLand: Simple, direct, and conveys a hopeful message.
• United Canaan: References the historical and religious significance of the land.
• Shalom-Filastin: Combines Hebrew and Arabic words for peace, representing both cultures.
• Covenant Land: Suggests a binding agreement and shared future.
• Land of Abraham: A unifying historical reference point.
• The Two Rivers State: A geographical reference, potentially less politically charged.
• New Canaan: A hopeful, fresh start.

Options emphasizing a new beginning:

• Amana: Means "faith" or "trust" in Arabic.
• Bethlehem State: A historically significant and neutral location name.
• The Olive Branch Republic: Symbolic of peace and reconciliation.
• The Renewed Land: Suggests a transformation and positive change.

Options reflecting a more complex reality (potentially controversial):

• Isra-Palestine: A simple combination, but might be seen as favoring neither side.
• The United Territories: A more formal and less emotionally charged name.

Options reflecting a federal structure (if applicable):

• The Federation of Canaan: Suggests a federal system with shared governance.
• The Binational State of Palestine-Israel: Clearly indicates a two-state solution within a single entity.

The best choice depends on the specific context and desired message. Consider the political climate and the intended audience when making your selection.