Alexandria, one of the main hubs for Egypt's protests, is a port city that is a Muslim Brotherhood stronghold. Photo: CBS.

WSJ – CAIRO — Egypt’s Muslim Brotherhood will back the organization’s former deputy head and chief financier in the race for Egypt’s presidency, accelerating the powerful Islamist group toward a possible collision with the country’s interim ruling military regime that threatens to undermine Egypt’s tense transition to democracy.

Mohamed Badie, the Brotherhood’s head or General Guide, told reporters on Saturday night that Khairat Al Shater, 62, had submitted his resignation from the group in order to pursue the presidency in elections that begin on May 23.

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