Recent developments on a number of fronts in the Middle East suggest that Hamas is beginning to lose both power and popularity among Arabs and Muslims.
Of course this is good new for moderate Arabs and Muslims, as well as for stability in the region.
This change does not, however, mean that Hamas will vanish sometime in the near future. Nor does it mean that peace will prevail tomorrow between between Palestinians in the Gaza Strip and Israel.
The only way to undermine Hamas is by offering the Palestinians a better alternative to Hamas. Many Palestinians still do not regard Mahmoud Abbas's Fatah faction as a better alternative to the radical Islamist movement.
In recent weeks and months, Hamas has found itself embroiled in a number of local and regional disputes that seem to have had a negative impact on its standing among Palestinians and Arabs.
After losing the backing of Iran and Syria because of its support for the rebels fighting against the regime of Bashar Assad, Hamas has now lost its key supporter and financier in the Arab world, Sheikh Hamad bin Khalifa al-Thani of Qatar.
Khalifa's decision to hand powers to his son, Sheikh Tamim, has left many Hamas leaders worried about the future relations between their movement and Qatar.
Noting that Qatar had long embraced and supported Hamas, leaders of the movement voiced hope that Sheik Tamim would follow in the footsteps of his father.
Under Hamad bin Khalifa, Qatar was the first Arab country to receive Hamas leaders after they were expelled from Jordan by the late King Hussein in the late 1990's.
Khalifa was also the first Arab ruler to visit the Gaza Strip earlier this year and offer hundreds of millions of dollars in aid to the Hamas government.
Hamas leaders said this week that they are now not sure whether the new ruler of Qatar will fulfill his father's financial pledges.
Meanwhile, Hamas seems to have gotten itself into trouble with many Egyptians, who accuse the movement of meddling in their internal affairs.
Egyptian media reports and politicians say Hamas has been dispatching weapons and gunmen to Egypt to support Muslim Brotherhood President Mohamed Morsi, who is facing growing discontent at home.
When Hamas leaders visited Cairo last week, they were forced to flee the hotel where they were staying after hundreds of angry Egyptian demonstrators protested their presence on Egyptian soil.