- Israel has withdrawn its ground forces from the Gaza Strip following its elimination of cross-border infiltration tunnels.
- An Egyptian-mediated 72-hour ceasefire kicked in at 5:00 a.m. GMT, and over the course of the truce, delegates are expected to join talks in Cairo to cement a longer-term deal.
- Egypt has positioned itself as a mediator in prior Gaza conflicts but, like Israel, its current administration views Hamas as a security threat.
- ETFs: EIS, ISRA
at CNBC.com (Nov 16, 2012)