An image grab taken from Egyptian state TV shows Egypt's Premier Hazem al-Beblawi addressing the media in Cairo on February 24, 2014. AFP PHOTO / EGYPTIAN TV
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Egypt's government resigned on Monday, paving the way for army chief Field Marshal Abdel Fattah al-Sisi to declare his candidacy for president of a strategic U.S. ally gripped by political strife.It effectively opened the way for Sisi to run for president since he would first have to leave his post as defence minister in any case.Sisi has unveiled a political roadmap meant to lead to elections after toppling Mursi of the Muslim Brotherhood following mass unrest against his increasingly arbitrary rule.Egypt's stock market rose 0.26 percent after news of the government's departure to 8029.37 points, reversing losses from earlier in the day.Mursi's removal touched off the bloodiest political crisis in modern Egyptian history, with security forces killing hundreds of Brotherhood supporters, jailing thousands and putting top leaders on trial. The Muslim Brotherhood accused Sisi of plotting a coup to restore military-dominated government, and human rights groups say that abuses are spreading by the day, allegations the army-backed government denies.
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