Egyptian diplomats in Gaza have announced that Israel and Islamic Jihad have reached a ceasefire agreement set to take effect at 10pm local time on May 13th. The agreement comes at the end of a fifth day of intense fighting, which has seen over 1,200 projectiles aimed at Israel and left at least 33 Palestinians dead in Gaza. The fighting has resulted in further casualties and damage to property across the region. In what appears to be a last-minute effort to make its point, Palestinian terrorists fired rockets into Israeli areas minutes before the ceasefire was due to come into effect, prompting Israeli airstrikes. The announcement follows confirmation that a Gazan laborer died of wounds sustained in a rocket attack on the Negev desert in southern Israel; another Palestinian laborer was seriously injured. It also follows days of unfounded rumors that a ceasefire had been arranged, which both Israel and Gaza-based terror groups have sought to deny.