The military statement said the current government and regional governors would “act as caretakers of all businesses until a new government is formed”.
It would look to guarantee “a peaceful transition of authority in a free democratic framework which allows an elected civilian authority to rule the country, to build a free democratic country”.
“The Arab Republic of Egypt is committed to all regional and international obligations and treaties,” the military statement added.
Later state media reported that Mohamed Hussein Tantawi, who heads the military high command which took power on Friday, had met Prime Minister Ahmed Shafiq and other senior officials to discuss “the immediate return of life to normality”.
With Interior Minister Mahmoud Wagdy he discussed the rapid return to duty of the police, who left the streets in the early days of the protests, the media said.
The police force in Egypt was widely perceived as an instrument of repression under Mr Mubarak.
Protesters gave a cautious welcome to the army statement.
“It was a good thing,” 21-year-old Muhammed Ibrahim told the Associated Press news agency. “We don’t want there to be a political void.”
Mr Mubarak, whose resignation was announced by his Vice-President, Omar Suleiman, on Friday afternoon, handed power to the high command, a body composed of high-ranking generals.
Shortly before the announcement, Mr Mubarak left Cairo for the Red Sea resort of Sharm el-Sheikh, where he has a residence.
The military has managed to give the impression of being above politics, a unifying force for the nation, says the BBC’s Jon Leyne in Cairo.
But the opposition wants an early and clear indication that this country is heading in a new direction and not simply swapping one dictatorship for another, says our correspondent.
In a separate development, the regulator of Egypt’s stock market said trading would be put off for three more days, opening again on Wednesday.
The exchange was closed on 28 January, three days after the protests began.
The demonstrations were triggered by widespread unrest over unemployment, poverty and corruption.
Source: BBC
The Economy Has Been Left to its Own Fate / Ethnic and Sectarian Government in…
One year on, the UK’s recognition of Palestinian statehood is bearing fruit
“Administration deceived us”: Ujjain Muslims say forced to remove parts of Shahi Masjid to avert…
Arab and Muslim countries condemn Aqsa incursions, Israeli annexation statements
The Zahedan Bloody Friday Incident is Unforgettable
Zahedan (Sunni Online) — Dr. Habibullah Salarzahi, president of the Sistan and Baluchestan Science and…