Hamas said on Sunday the cost of damage caused by Operation Pillar of Defense's eight-day bombardment of the Gaza Strip will reach $700 million in indirect damages, and $500 million in direct damages to the city, Palestinian news agency Palestine Today reported, making total damages of more than $1.2 billion.

According to Palestine Today, Hamas issued a preliminary estimate of damage caused by "Israeli aggression" in an official statement. According to the statement, a total of 200 buildings were demolished, and around eight thousand damaged.

Hamas plans to open a commission of inquiry into the operation, Palestine Today reported.

Meanwhile, a high-level delegation led by Ziad Zaza, Hamas's Minister of Economy, is heading to Cairo in order to discuss the details of the truce agreement with Israel, in particular regarding the freedom of movement for Gazan fishermen, Palestine Today reported.

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