Egypt’s Junta to Hand Over Power by June’s End

Egypt’s ruling military council said on Monday that the army will hold a ceremony to hand over power to the country’s newly elected president at the end of June, the state news agency MENA said.

The Muslim Brotherhood said its candidate Mohamed Morsi, 60, had won the election against military rival Ahmed Shafiq, 70, whose campaign refused to concede defeat and accused Morsi of “hijacking the election.”

“The army will hand over power to the elected president in a big ceremony end-month that the entire world will witness,” Major-General Mohamed El Assar, a member of the ruling army council, was quoted by MENA as saying. “Egypt is a modern democratic country that upholds all democratic values.”