"I would like to express my welcome to the success achieved by the Egyptian-Qatari-American mediation in reaching an agreement to implement a humanitarian truce in the Gaza Strip and exchange captives between the parties," El-Sisi wrote on his official Facebook account on Wednesday.

He also confirmed that Egypt would continue its efforts to help the sides reach a final and sustainable solution that achieves justice, enforces peace, and ensures the legitimate rights of the Palestinian people.

Israel and Hamas reached an agreement on Wednesday establishing a four-day ceasefire to facilitate the release of 50 captives held in Gaza, according to Reuters.

In return, 150 Palestinians currently imprisoned in Israel will be freed, and humanitarian aid will be allowed into the besieged enclave.

Israel also committed to refrain from any attacks or arrests in all parts of Gaza during the truce.

The terms of the agreement specified for every additional 10 hostages released, the ceasefire will be extended by an additional day.

However, the statement does not explicitly mention the release of more Palestinian prisoners in exchange.

Israel’s Cabinet approved the deal after a lengthy six-hour meeting that stretched into the early morning, according to AP. However, Netanyahu underlined that the war against Hamas would resume once the truce comes to an end.

He affirmed: "We are at war, and we will continue the war until we achieve all our goals."

In response to the agreement, Hamas released a statement asserting: "As we announce the striking of a truce agreement, we affirm that our fingers remain on the trigger, and our victorious fighters will remain on the lookout to defend our people and defeat the occupation,” reported Reuters.

US President Joe Biden thanked El-Sisi and Qatari Emir Tamim bin Hamad for their “decisive leadership and partnership” in reaching a humanitarian truce and ceasefire agreement in a White House statement.