The students made several complaints to Facebook over the past year, including an official request to examine the activity of the news page, which shares Hamas' ideology.
"The Palestinian cartoons that became well-known in recent months got such exposure because they were posted all the time, on a daily basis, on that Facebook page," he added.
In the wake of the Israeli complaints against the page, Facebook first removed the page's "verified" status, a status given only to official pages of celebrities, government ministries, politicians and commercial companies.
Gideon Bachar, head of the Foreign Ministry's Department for Combating Anti-Semitism, said Israel "welcomes Facebook's decision to remove Hamas' anti-Semitic news page, which served as stage for incitement to murder and violence against Jews and the citizens of Israel.
"We hope that other social media, search engines and other internet-based media follow suit and act systematically to remove content of hatred, anti-Semitism and racism, including content calling for incitement and even violence."