Yemeni president to step down

Saleh signs power-transfer agreement

Yemeni President Ali Abdullah Saleh agreed on Wednesday to sign a deal that sets the stage for his political exit after months of unrest, the Financial Times reports. According to the agreement, which was brokered by the Gulf Cooperation Council, and signed in the presence of Saudi King Abdullah, Saleh will hand the reins of power to Vice President Abed Rabbo Mansour Hadi within 30 days, with presidential elections set to take place within 90 days of the signing. The plan also envisions a two-year transition period. Saleh said he will fly to New York for medical treatment shortly after signing the deal.

The Financial Times