President Mubarak won't Seek Re-Election

President Mubarak Tells Egypt He Will Not Seek Re-Election 

Egyptian President Hosni Mubarak said he will not run for a new term in office in September elections, but rejected demands that he step down immediately and leave the country, vowing to die on Egypt's soil, in a television address Tuesday after a dramatic day in which a quarter-million protesters called on him to go.

President Mubarak said he would serve out the rest of his term working to ensure a "peaceful transfer of power" and carry out amendments to rules on presidential elections.

But the half-way concession - an end to his rule months down the road - was immediately derided by protesters massed in Cairo's main downtown square.

President Mubarak, who has ruled the country for nearly three decades, insisted that his decision not to run had nothing to do with the unprecedented protests that have shaken Egypt the past week.

"I tell you in all sincerity, regardless of the current circumstances, I never intended to be a candidate for another term."

"I will work for the final remaining months of the current term to accomplish the necessary steps for the peaceful transfer of power,"

President Mubarak, a former air force commander, resolutely vowed not to flee the country.

"This dear nation .. is where I lived, I fought for it and defended its soil, sovereignty and interests. On its soil I will die. History will judge me like it did others."