Mr. Mohamed Morsy, Egyptian president has proposed a cease fire between Israel and Hamas.He said this is the need of the time that peace should be restore in the region. He also appreciated the negotiation between Israel and Hamas. He said Egypt is always in favor of talks with both the parties. Meanwhile, American president Mr.Obama thanked Egyptian president for his efforts to achieve sustainable peace. The American president appreciated the new Egyptian government in taking keen interest for solving the burning war issue,a spokesman of white house issued the said statement on behalf of president. United Nations and EU also welcomed the proposed cease fire negotiations, according to media reports.