Prime Minister Binyamin Netanyahu reacted, Sunday evening, to the election of Mohammed Mursi as president of Egypt by saying, "Israel appreciates the democratic process in Egypt and respects the results of the presidential elections." He continued, in a statement, "Israel looks forward to continued cooperationwiththe Egyptian governmenton the basis ofthe peace agreementbetween the two countries, which is a joint interest ofboth peoplesandcontributes to regional stability."