Mubarak Steps Down: Tahrir Square, Egypt Erupts In Cheers (VIDEO)

Egyptian President Hosni Mubarak has stepped down after a reign of 30 years, finally heeding to calls from protesters the last 18 days. His new home will reportedly be resort town Sharm el-Sheikh.

Vice President Omar Suleiman made the announcement, stating, ""In these grave circumstances that the country is passing through, President Hosni Mubarak has decided to leave his position as president of the republic. He has mandated the Armed Forces Supreme Council to run the state. God is our protector and succor.""

The Egyptian military is in charge now and plans to suspend the cabinet and resign the House and Parliament, presumably in preparation for elections.

Fireworks, cars honking, flags waving, cameras flashing and more could be witnessed throughout Cairo and elsewhere. Watch some of the celebrations below.

You can also watch live video of the celebrations via Al Jazeera here.