The Jerusalem Post reports: “Egypt has allegedly prepared a new proposal for a hostage-ceasefire deal expected to be presented to Israel and Hamas by the end of the week, according to a Thursday report by the Saudi-owned channel Asharq News, citing sources familiar with the matter.

According to the report, the new proposal will meet both Israel’s and Hamas’s demands in a ‘balanced’ manner and will aim to establish a long-term truce between the sides that could potentially last between five and seven years.

To ensure a truce between the two parties, the agreement would involve guarantees from regional and international parties to ‘ensure the fulfillment of mutual obligation,’ the report added.

The new proposal was prepared by Egypt in consultation and coordination with Qatar and the current US administration, the sources in the report claimed…”