Mubarak Says Will Not Seek Re-Election

Egyptian President Hosni Mubarak pledged on Tuesday that he would not stand for re-election in September, in an address to the nation that came after eight days of anti-government demonstrations.

"In all sincerity, regardless of the current circumstances, I never intended to be a candidate for another term," he said.

Mubarak vowed that he would devote the next few months of his term to a peaceful transfer of power.

He also pledged to ease conditions for presidential candidacy.