Breaking: Former Israeli president Shimon Peres dies at 93

Nobel Peace Prize laureate and former Israeli President, Shimon Peres.

Nobel Peace Prize laureate and former Israeli President, Shimon Peres has died at the age of 93.

Peres died at the Sheba Medical Centre in Tel Aviv on Wednesday, September 27, at about 3.40 am.

According to Israeli doctors, the statesman suffered a stroke two weeks ago that left him with significant brain trauma. He was put in a medically induced coma after significant bleeding in the brain. Doctors had said his condition was improving before he suffered a severe setback Tuesday, ultimately ending in his death on Wednesday, the official government Israel News Agency reported.

Peres shared the 1994 Nobel Peace Prize for his work in reaching an interim peace agreement with the Palestinians, claiming it alongside late Palestinian leader Yasser Arafat and Israel's former prime minister Yitzhak Rabin.

He held a number of ministerial positions in various Labor-led Israeli governments, including minister of transportation and minister of communications.

In 1974, he became defense minister under then-premier Yitzhak Rabin.

After Rabin stepped down as prime minister and party leader due to a banking scandal involving his wife, Peres assumed the reins of Labor.

Peres failed to lead Labor to any decisive electoral achievement in the 1980s, as the party had to share power with its rightist rival, the Likud.

In 1992, he was defeated in the Labor primary by Rabin, who came back to assume the mantle of party chairman.