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Mubarak says to transfer power but not resigning – Israel News, Ynetnews

Mubarak says to transfer power but not resigning – Israel News, Ynetnews.

Mubarak says to transfer power but not resigning

Embattled Egyptian leader confirms he won’t run for presidency again, will transfer power to Suleiman. Hundreds of thousands at Tahrir Square.

Roee Nahmias, Reuters

Hosni Mubarak, struggling to cling on as Egypt’s president in the face of unprecedented protests over poverty, corruption and oppression, said on Thursday he would transfer powers to his vice president. 

In a nationally televised address that failed to meet demands by protesters for him to step down immediately, Mubarak, 82, appeared to step aside by handing over the reins of power to his deputy, Omar Suleiman, a former intelligence chief trusted by Washington.

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