On June 30 an oppositional Egyptian newspaper reported that soon President of Egypt Hosni Mubarak, after 28 years of presidency, will send in his resignation, proposing to his post instead of himself his son, Deputy Chairman of the ruling National-Democratic Party Gamal Mubarak. The news, let us say, is rather unexpected, if we consider the prevalent traditions of "eastern democracy". The resignation of Mubarak, if it actually occurs, can change the configuration of the Great Near East, though in short term outlook.