Benjamin Netanyahu will remain Israel’s Prime Minister after he agreed to form a national unity government with his main political rival, Benny Gantz, a deal which brings a year-long political crisis to an end.

In a joint statement on Monday night, the ruling center-right Likud Party and the liberal Blue and White Party said: “An agreement for the establishment of a national emergency government is now being signed,” Efe news reported.

The deal comes after three back-to-back elections had failed to yield a clear winner between incumbent Netanyahu, in power since 2009, and former army chief Gantz.

Although the statement did not provide further details, the rivals have reportedly agreed to share the role of prime minister on a rotating basis, with Netanyahu occupying the post for the first 18 months before handing over power to Gantz, who will initially become Minister of Defence.

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(L-R) Israeli Prime Minister Benjamin Netanyahu, Israeli President Reuven Rivlin and Benny Gantz, former Israeli Army Chief of Staff and chairman of the Blue and White Israeli centrist political alliance join hands as they attend a memorial service for late Israeli president Shimon Peres at Mount Herzl, Israel’s national cemetery, in Jerusalem. Photo by: JINIPIX

In a statement on Twitter, Gantz said they had “prevented” a fourth round of elections.

“We will maintain democracy, we will fight against the coronavirus and will protect the citizens of Israel. There is a national emergency government,” Gantz wrote.

Netanyahu, meanwhile, promised “to work to save the lives and livelihoods of Israeli citizens”.

The result of the negotiations is a remarkable turnaround for Israel’s longest-serving prime minister, who has three serious corruption charges pending against him.

JERUSALEM, Feb. 20, 2020 (Xinhua) -- A man passes by election billboards depicting Israeli Prime Minister Benjamin Netanyahu (L) and opposition leader Benny Gantz (M) in Jerusalem on Feb. 20, 2020. Israel is heading to the third election within a year for the first time in its history after the two previous elections yielded inconclusive results, paralyzing the country's political system. (Photo by Muammar Awad/Xinhua/IANS) by .
A man passes by election billboards depicting Israeli Prime Minister Benjamin Netanyahu (L) and opposition leader Benny Gantz (M) in Jerusalem. (Photo by Muammar Awad/Xinhua/IANS)

Three rounds of elections had already been held with similar results after each poll, but the coronavirus crisis added an extra layer of urgency to the process this time around.

Israel is under a nationwide lockdown with over 13,650 confirmed cases and 173 deaths.

Reports in Israeli media indicate that the cabinet will be split between members of the Likud party and its various junior coalition partners, which include ultra-orthodox and ultra-right wing parties, and the Blue and White alliance, which groups together left-leaning and liberal factions.

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