For more than two decades, Obaida has represented the voice and face of the Izzedeen al-Qassam Brigades and has become a symbolic figure in the Arab world.
His face, always covered with a red and white keffiyeh (a traditional Middle Eastern scarf) to hide his identity, gave him an aura of mystery, regional television reported.
The Israeli Air Force attacked on Saturday a residential building in the western neighborhood of Rimal, in Gaza City, where the militant was allegedly hiding.
Palestinian medical authorities informed that more than 10 people died in that raid.
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