Egypt's President Hosni Mubarak has said he will stay in office and transfer all power only after September's presidential election.
His comments in a national TV address confounded earlier reports that he was preparing to stand down immediately.
Mr Mubarak said he would delegate some powers to Vice-President Omar Suleiman, but the details of this remain unclear.
Thousands of anti-government protesters in Cairo's Tahrir Square reacted angrily to his announcement.
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