mubarak

Egypt's Hosni Mubarak resigned as president and handed control to the military on Friday after 29 years in power, bowing to a historic 18-day wave of pro-democracy demonstrations by hundreds of thousands. "The people ousted the president," chanted a crowd of tens of thousands outside his presidential palace in Cairo.

Egyptian President Hosni Mubarak announced he is handing his powers over to his vice president, Omar Suleiman, and ordered constitutional amendments Thursday. But the move means he retains his title of president and ensures regime control over the reform process, falling short of protester demands.

Egyptian President Hosni Mubarak says he is fed up with with being president and would like to leave his office now but cannot for fear of chaos, ABC News reported Thursday. Mohammed Abed / AFP - Getty Images

Egyptian President Hosni Mubarak says he will not run for a new term in office in September elections and will work during the rest of his term for a "peaceful transfer of power" in a new attempt to defuse massive protests demanding his immediate ouster.