Details of the next steps are reported by The Guardian.
According to the agreement approved after the cabinet meeting, a six-week ceasefire will come into effect on Sunday, although key issues remain, including the names of 33 hostages who will be released during the first six weeks of the ceasefire phase and who among them is still alive.
"The government has approved a plan for the return of hostages", states the office of Prime Minister Benjamin Netanyahu.
Israel has stated that the names of the hostages will be made public only after they are handed over to the Israel Defense Forces (IDF).
A list of those who will be released over the next six weeks has been circulating on major Israeli news websites since early Friday morning. Hamas is expected to announce the names of the hostages to be released on the first day, the evening before the agreement takes effect.
Within 24 hours of the agreement's adoption, the Israeli Supreme Court is set to consider petitions against the release of Palestinian prisoners, but it is expected not to intervene.
Under the first phase of the agreement, which will last 42 days, Hamas has agreed to release 33 hostages, including children, women (including soldiers), and men over the age of 50, in exchange for hundreds of Palestinians held in Israeli prisons.
About 100 Palestinian prisoners slated for release are serving life sentences for violent attacks on Israelis; the others were imprisoned for lesser offenses, such as social media posts, or were held under administrative detention, which allows for the preemptive arrest of individuals based on undisclosed evidence.
It is expected that three Israeli hostages will be released on Sunday, followed by another four on the seventh day and again at the end of each week of the ceasefire.
The agreement will also allow, in the first phase, Palestinians who have left their homes to move freely within the Gaza Strip, which Israel has divided into two halves with a military corridor.
It is anticipated that the injured will be evacuated for treatment abroad, and aid into the territory should increase to 600 trucks per day.
In the second phase, the remaining living hostages will be sent back, and a corresponding share of Palestinian prisoners will be released, with Israel fully withdrawing from the territory.
The third phase will involve the exchange of the bodies of deceased hostages and Hamas members, as well as the initiation of a reconstruction plan for Gaza. Arrangements for the future governance of the strip remain unclear.
For more details on how the agreement was signed, the nuances involved, and how it will be implemented, read the article on Novini.LIVE.
Recall that recently, U.S. Secretary of State Antony Blinken, in his farewell speech, stated that Hamas has managed to recruit nearly as many new fighters as Israel has killed during its offensive on Gaza.