India, July 7 -- Militant group Hamas on Monday announced the dissolution of its government in Gaza and said it is preparing to transfer power to a technical committee backed by the United Nations as part of a US-brokered ceasefire deal.

This marks a major political shift in the strip, where Hamas has ruled for over two decades after taking over control from Palestinian movement Fatah in 2007 after winning legislative elections the previous year, according to AFP.

Hamas did not mention anything about disarming or handing over security to an international force, which remains US' and Israel's key demands.

The head of the Hamas administration, Mohammed al-Farra, announced he was stepping down and handing over authority to the NCAG. He sa...