SAN FRANCISCO (MarketWatch) -- Egyptian President Hosni Mubarak is expected to tell the nation in a televised address on Tuesday that he will not run for re-election in an upcoming presidential election, according to a report on Dubai-based television network Al Arabiya, cited by Reuters and other news outlets. Until now, Mubarak had been expected to run in September's election for a sixth six-year term, Reuters reported. The report emerged after Mubarak's grip on power was severely shaken by a week of escalating protests against his three-decade rule of the country. He is expected to say he will stay in office until the election and enact reforms to meet the demands of protesters, according to the report on Al Arabiya.