Israel has agreed to halt its action in Gaza a week after the latest bout of fighting began.
American and Egyptian officials may announced the signing of a ceasefire between Israel and Hamas tonight, according to reports.
It is thought the final wording of an agreement is being worked on, and German officials are working to mediate between the two conflicting groups.
Calls for a ceasefire between Israel and Hamas are increasing after six days of fighting, with the UN Secretary General arriving in Egypt on Monday evening to encourage a resolution to the conflict.
A leader of Islamic Jihad is believed to have been killed in a strike on a building in Gaza City.
According to the Associated Press, the IDF struck the media centre used by Hamas' communications wing for the second time on Monday.
The news agency named the assassinated terrorist as Islamic Jihad's Ramez Harb, a key figure in the Al Quds Brigades.
Friday closed on a note of uncertainty after three days of fighting in Gaza and sustained rocket fire from Hamas reaching as far north as Tel Aviv. The IDF has confirmed that a rocket fired from Gaza has struck outside Jerusalem.
JC Foreign Editor Orlando Radice is on the scene after residents flee a rocket fired from Gaza toward Tel Aviv.
Rockets from the Gaza Strip have been sent to Tel Aviv for the second day running, sending Israelis running for bomb shelters.
This week marks the first time rockets have been directed at the city since the Gulf war.
According to Micky Rosenfeld, spokesman for the Israeli police, the rocket sent earlier today landed in the sea and nobody was injured.
Israeli army reservists have been issued with draft orders as fighting in Gaza enters a third day.
The army agreed to suspend its operation this morning as Egyptian Prime Minister Hesham Kandil visits the area.
The British Foreign Secretary has said that terrorist group Hamas bears "principal responsibility" for the military operation Israel is now conducting in Gaza.
William Hague said he "utterly condemned" the rocket attacks by Hamas militants on southern Israel, with nearly 200 fired at civilian areas in less than 24 hours.
Three Israelis have been killed after a rocket fired from Gaza hit the town of Kiryat Malachi.
The two women and a man, all aged in their 30s, were in a four-storey building which suffered a direct hit.