(Reuters) Islamists say they win the Egyptian presidency; army holds power

Egypt’s Muslim Brotherhood declared on Monday that its candidate Mohamed Morsy won the country’s first free presidential race, beating Hosni Mubarak’s last prime minister and ending six decades of rule by presidents plucked from the military.

But shortly before the final result the generals who have run the country since the overthrow of Mubarak issued new rules that made clear real power remains with the army.

“Mohamed Morsy is the first popularly elected civilian president of Egypt,” the official website of Brotherhood’s Freedom and Justice Party announced in a brief message.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, Egypt, Middle East, Politics in General