Hamas leader in power of the Gaza Strip said on Saturday that the movement's government is ready to resign as part of a Palestinian national reconciliation.

On Wednesday, the rival Palestinian groups Hamas and Fatah reached understanding to set up a transitional government and hold elections. The reconciliation is expected this week.

"I am prepared to tender my resignation as part of the reconciliation agreement between Hamas and Fatah,'' Ismail Haniya said.

"This agreement is very important and should boost efforts to end the divisions and encourage unity among Palestinians," he added.

According to the agreement, Hamas and Fatah will form a technocratic government to unify national institutions in Gaza and the West Bank and prepare for national elections within a year.

In 2007, Hamas ousted Fatah party and took over Gaza. Since then, the Fatah-led Palestinian National Authority (PNA) has been confined to the West Bank.

MOSCOW, April 30 (RIA Novosti)