Can I iterate through two loops of equal size with foreach?

I'm new to PHP. I have two arrays $array1 and $array2 of equal size. I've been using foreach loops to iterate through arrays like so:

foreach($array1 as $element1) {
      //Do stuff with $element1
}

and

foreach($array2 as $element2) {
      //Do stuff with $element2
}

but now I'd like to iterate through both arrays at the same time so that I have access to both $element1 and $element2 in the loop body.

How do I do that?