Gaza City: Thousands of Palestinians are celebrating in Gaza after Israel and Palestinian groups agreed an open-ended ceasefire to end seven weeks of fighting in Gaza.
Jubilant Palestinians opened fire into the air while others were seen distributing sweets.
Hundreds of Palestinians taking refugee inside the Shifaa hospital in the Gaza City also fired firecrackers in celebration.
An Egyptian-brokered ceasefire went into effect on Tuesday, bringing to a halt 51 days of relentless Israeli attacks on the blockaded coastal enclave.
Egyptian Foreign Minister Sameh Shoukry said the deal called for the opening of all border crossings between the Gaza Strip and Israel, which would effectively signal the end of Israel's years-long embargo of the coastal enclave.
The Palestinian president, Mahmoud Abbas, said on Tuesday from the occupied West Bank that a formula had been accepted by all parties and that a ceasefire had gone into effect at 1600 GMT.
He hailed the agreement as a chance to "build a new nation and end the occupation", before thanking Egypt, Qatar and the US for their roles in brokering the agreement made during indirect talks in Cairo.
The Reuters and AP news agencies quoted Israeli officials as saying that the Israeli government had accepted the deal. Israeli media reported the same.
Hamas's exiled deputy leader, Moussa Abu Marzouk, said the agreement was a "victory for the resistance".
Crowds took to the bombed-out streets of Gaza to celebrate the end of hostilities. Many used the v-sign to signify Palestinian victory over Israel.
For the past eight weeks, Israel has pounded the Gaza Strip with the declared aim of halting rocket fire from the Palestinian territory.
Since hostilities first erupted on June 7, at least 2139 Palestinians, mostly civilians, have been killed and nearly 11,000 injured, according to the Palestinian Health Ministry.
Thousands of homes, meanwhile, have been partially or completely destroyed by devastating Israeli bombardments.
Over the same period, at least 69 Israelis – 64 soldiers and five civilians – have been killed, according to Israeli figures.
The number of Palestinian fatalities from Israel's current offensive has now surpassed the combined death toll from two previous operations against Gaza, including Israel's bloody "Operation Cast Lead" in 2008/09 in which at least 1500 Palestinians were killed over the course of three weeks.
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