Egypt Live Report

But one possible minor inconvenience following his departure from office: the Swiss government has just ordered a freeze on any assets belonging to him and his entourage, the Swiss foreign ministry said. Ah well. Advertisement: Story continues below 1750 GMT: In London, David Cameron, prime minister of the former colonial power, Britain, found a new adjective, to say it had been a "remarkable", before urging whatever government is formed to "put in place the building blocks of a truly open, free and democratic society." "As a friend of Egypt and the Egyptian people we stand ready to help in any way that we can," he added. 1745 GMT: Voicing a key concern of western governments, Germany's Chancellor Angela Merkel urged the new leadership that will emerge to respect the country's 1979 peace treaty with Israel. Saying "I rejoice with the people in Egypt," and urging all to work together in peace, she added: "We also expect the future Egyptian government to continue to keep the peace in the Middle East, in that the agreements made with Israel are respected and Israel's security is guaranteed," she said. 1742 GMT: And the leading opposition figure Mohamed ElBaradei has also welcomed the announcement. "We have got our life back," he told Al-Jazeera television in an interview. 1732: In Cairo, Egypt's powerful Islamist opposition group the Muslim Brotherhood hailed the resignation and "thanked the army, which kept its promises." 1729 GMT: In Washington, US Vice Rosetta Stone V3 President Joe Biden has also opted, like German Chancellor Merkel, for the cautiously diplomatic word "historic". Lebanon's Hezbollah also used the word, though adding crucially that it was a "historic victory", as car horns blared and fireworks exploded in Beirut. 1727 GMT: Turkey's foreign minister has congratulated the Egyptian people on toppling Mubarak and said he hoped a new system would emerge in the wake of the veteran president's departure. "Congratulations to the Egyptian people. And we hope that a system meeting the expectations of the Egyptian people will emerge," Ahmet Davutoglu said in a message on his Twitter page. 1720 GMT: Cyberactivist Wael Ghonim has tweeted "congratulations to Egypt, the criminal has left the palace" in Arabic. "Welcome back Egypt," he added in English on his Twitter page, as celebrations continued in cities around Egypt. Ghonim, 30, a Google regional marketing executive, emerged as a spokesman of the uprising after his release on Monday following 12 days in custody. 1714 GMT: In Amman, Jordan's powerful Muslim Brotherhood said Mubarak's decision should be a "lesson" to all Arab regimes. "Arab regimes should learn a lesson from what happened. All Arab peoples suffer from the corruption of their regimes," Jamil Abu Baker, the movement's spokesman, told. 1710 GMT: In Berlin, German Chancellor Angela Merkel welcomed Mubarak's decision to resign as a "historic change". We can expect a lot of these sorts of rather guarded comments from Mubarak's former western allies. 1707 GMT: "As Mubarak decided to step down, geopolitical concerns eased and (New York) crude oil prices retreated toward $86," said Sucden analyst Myrto Sokou. "The potential shutdown in the operations at the Suez Canal looks very unlikely for the near-term." 1704 GMT: World oil prices slide and European stock markets bounce following news of Mubarak's resignation. Brent North Sea crude for delivery in March sank to $100.43 per barrel, before pulling back to $100.75, down 12 cents from yesterday closing level. 1703 GMT: Iran says Egyptians have achieved a "great victory" with the resignation of President Hosni Mubarak.

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