Palestinian Prime Minister Mohammed Shtayyeh submitted his government's resignation to Palestinian President Mahmoud Abbas today, Monday.

Mohammed Shtayyeh said in a speech that the Gaza Strip is undergoing genocide, and affirmed, "We will remain in confrontation with Israel until the establishment of the Palestinian state."

The Palestinian Prime Minister added that the next phase requires new governmental and political arrangements, adding that it also requires the authority to manage all Palestinian territories.

Informed sources had revealed earlier that Mahmoud Abbas is preparing to form a new government in preparation for the day after the war on Gaza, with its priority being the security of Gaza and its reconstruction.

The sources said the new government will be a technocratic government, not a political one.

The sources added that the Palestinian Investment Fund chairman Mohammed Mustafa is the Palestinian president's nominee to head it.

These developments come reinforcing reports that suggested Hamas agreed last week to form a technocratic government, whose task is to rebuild Gaza and restore security to it after the war.

The sources said there are indications from Hamas that it has agreed to form a technocratic government.