Mubarak expected to announce he won't seek reelection

CAIRO_Embattled Egyptian president Hosni Mubarak is expected to announce Tuesday he will step down at elections scheduled for later this year, according to Al Arabiya Arabic language satellite channel.

The channel reported that the speech was already recorded and is expected to be delivered shortly.

It was unclear whether the opposition will accept his purported offer, after eight days of protests demanding his immediate resignation.