Mubarak has stepped down

President of Egypt Hosni Mubarak has finally descended fro power with the vice president Omar Suleiman has named a military council to run the country's affairs, state television said on Friday after 18 days of mass protests against his rule.
Hosni Mubarak, who ruled Egypt with an iron hand for over three decades, stepped down as President on Friday and handed over power to the army capitulating under mass protests sweeping the country's streets for the last 18 days.

President Hosni Mubarak resigned and handed over power to the military, announced the recently appointed vice president Omar Sulaiman on state television.Tahrir Square, the epicentre of the anti-government protests, erupted in joy with tens of thousands of people shouting 'Egypt is Free".The end of a despotic regime in most populous Arab nation came one week after the protesters set a deadline of 'Departure Friday' for 82-year- old Mubarak to step down as President.

Earlier in the day, the Army appeared to throw its weight behind Mubarak's transition plan, assuring the protesters that it will guarantee a free and fair election in September, and asking them to go home and get to work.
A ruling party official adds Mubarak and his family had left Cairo for the glitzy Red Sea resort of Sharm el-Sheikh where there is a presidential villa further added that Mubarak had handed powers to deputy Omar Suleiman.