Egypt's military, which assumed control of the country after President Hosni Mubarak resigned Friday night, has promised a peaceful and stable transition to an elected civilian government.

In a statement of the Supreme Council of the Armed Forces Saturday, the military made it clear the country will abide by its international agreements, alleviating concerns that Egypt's peace deal with Israel from 1978-1979 could be threatened after Mubarak resigned.

The military has also asked the current government appointed by Mubarak to continue operating until a new one is formed even though it has not provided a specific time line for that yet, international media reported.

While some protesters in Egypt's major cities went home after Mubarak resigned, many have vowed to stay in the downtown squares until there is are definitive guarantees that their grievances and demands will be addressed in the context of a democratic transition.

The military is still expected to dissolved the Egyptian Parliament and to create a transitional government.

In its initial statement Friday night, the Supreme Council of the Armed Forces has declared a course towards "the changes Egyptians want".

82-year-old Hosni Mubarak has resigned as President of Egypt under popular pressure after 18 days of massive street protests.

Hosni Mubarak was the President of Egypt for almost 30 years - from October 1981 till February 2011.

Mubarak's resignation was announced Friday night in a televised by Egyptian Vice President Omar Suleiman, who Mubarak appointed as his first VP in 30 years just two weeks ago as a measure designed as a concession to the protesters.