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The first six-week phase of the deal will see 33 Israeli hostages exchanged for Palestinian prisoners.
Israeli Prime Minister Benjamin Netanyahu's office said an "agreement for the release of the hostages" had been reached.
Netanyahu had delayed a cabinet vote to approve the Gaza ceasefire deal scheduled for Thursday, accusing Hamas of seeking to change the deal at the last minute.
On Friday morning, the Prime Minister's Office said it had been informed by the negotiating team that an agreement on the deal had been reached.
It added that the security cabinet would meet later on Friday to ratify the deal, before seeking approval from the full government. The families of the hostages have been informed. Representatives from Israel, Hamas, the United States and Qatar officially signed the agreement in Doha, Israeli media reported.
The ceasefire agreement was first announced on Wednesday by mediators from the United States and Qatar.
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Qatari Prime Minister Sheikh Mohammed bin Abdul Rahman Al Thani said the agreement would take effect on Sunday, provided it is approved by the Israeli cabinet.
At the time, Netanyahu said the final details of the agreement were still being worked out, but thanked Biden for "promoting it."
Netanyahu then delayed a cabinet vote to approve the agreement on Thursday, accusing Hamas of trying to "extort last-minute concessions." Hamas has said it is committed to the deal, but the BBC understands it was trying to add some of its members to the list of Palestinian prisoners to be released under the deal.
Although Israeli negotiators accept the deal, which follows months of discussions, cannot be implemented until it is approved by the security cabinet and the government.
Two right-wing ministers, Itamar Ben Gvir and Bezalel Smotrich, who are both members of the security cabinet and oppose the deal, have said they will resign in protest.
But they have signalled they will not join the opposition - to bring down the government - for now, until fighting resumes in six weeks, when the first phase of the ceasefire and the release of hostages will be completed.
US Secretary of State Anthony Blinken said he expected the ceasefire to begin on Sunday as planned with the release of the first three Israeli hostages. Many Palestinians and families of Israeli hostages celebrated news of the ceasefire after it was first announced.
But there has been no let-up in the ground war in Gaza, with Israeli strikes killing 113 people since the deal was announced, including 28 children, said a spokesman for the Gaza Civil Defense, Mahmoud Basal. More than 260 others have been wounded.
Attacks have been carried out on 50 targets in Gaza since the deal was announced, the Israel Defense Forces and the Israel Security Agency said Thursday.
EPA Palestinian women mourn family members killed in an Israeli airstrike at the Al Aqsa Martyrs Hospital in the city of Deir Al Balah, central Gaza Strip, January 15, 2024. EPA
Israeli attacks have continued in Gaza since the ceasefire agreement was announced.
The first six-week phase of the deal sees 33 hostages - including women, children and the elderly - exchanged for Palestinian prisoners in Israeli jails. Israeli troops are also withdrawing to the east, away from densely populated areas of Gaza.
Displaced Palestinians can begin returning home and hundreds of aid trucks will be allowed into the territory every day.
Negotiations for the second phase - which would see the release of the remaining hostages, a full withdrawal of Israeli troops and a return to "lasting calm" - are due to begin on the 16th.
The third and final step would involve the return of the bodies of the remaining hostages and the reconstruction of Gaza - which could take years.
Israel launched a campaign to destroy Hamas - which is considered a terrorist organisation by Israel, the United States and others - in response to an unprecedented cross-border attack on Israel on 7 October 2023, in which some 1,200 people were killed and 251 injured. . others taken hostage. Since then, more than 46,788 people have been killed in Gaza, according to the Hamas-run health ministry.
Most of Gaza's 2.3 million residents have been displaced, destruction is widespread and shortages of food, fuel, medicine and shelter are severe, as aid agencies struggle to provide aid to those in need.
Israel says 94 of the hostages are still being held by Hamas, 34 of whom are presumed dead. Four Israelis were kidnapped before the war, two of whom have died.
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