The story
Israel has declared a unilateral cease-fire in the fighting in Gaza beginning at 2 a.m. Sunday (7 p.m. ET Saturday), Israeli Prime Minister Ehud Olmert said.
"Hamas has been dealt a very serious blow," Olmert said. "We can say that the conditions have been brought about that enable us to say that the aims that we laid down for the operation have been completely achieved."
Yet Israel is prepared to respond if Hamas militants continue fighting in the Palestinian territory, Olmert said. 
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CNN's Ben Wedeman, Paula Hancocks, Elise Labott, Caroline Faraj, Mohammed Jamjoom and Arie Bell contributed to this report.
