JERUSALEM - A furious wave of protest swept Egypt's President Hosni Mubarak from power Friday night after 31 years of ruling, sparking jubilation on Egypt's streets and sending a warning to other leaders across the Arab world.

Israeli analysts termed Mubarak's dramatic resignation as the beginning of a "different world" in the region, arguing that it may force Israel to change its regional policies.

"It's over, Egypt is no longer a super power," said Zvi Mazel, Israel's former ambassador to Cairo. "Egypt has completely lost its status in the area, while Turkey and Iran are on the way up. It's a different world," the former ambassador told local news service Ynet.

His analysis coincided with Israeli Foreign Minister Avigdor Lieberman's evaluation that the influence of Iran, Turkey and Israel is increasing in the Middle East after Mubarak's resignation.

Mazel is of the opinion that Israel is facing "hostile situation" following Mubarak's downfall. "As long as we had Mubarak, there was no void in our relations with the region. Now we're in big trouble," he said.

Meanwhile, a protest organized by the Israeli Balad party for Saturday is expected to turn into a major celebration and draw large crowds. An Egyptian opposition leader is slated to address the rally directly from Cairo.

Analysts claim that the current economic conditions of the Egyptian citizens have led to the protest and the following change in the country.

Wadee Awawdy, chief of Nazareth-published newspaper Hadeath Ennas said in an interview with Xinhua that the electronic media show the normal Egyptians their real weight and influence in the global arena of the Middle East and also the real economic gap between Egypt and other countries.

In Awawdy's eyes, the Egyptian case may become an historic event which started in Tunisia and well have a domino effect on other Arab countries.

Elias Jabour, chairman of Think-tank institute based in Shafaram the House of Hope, argues that the main reason for the current revolt in Egypt lies in its political system in the past decades.

Considering the possible development in Egypt, the former ambassador to Cairo Mazel said that the army will rule Egypt for years. "It's a whole new world, with no one left to lead the pragmatic country," he added.

While Awawdy reiterated to Xinhua that as Egypt is usually playing a leading role in the Arab world since the 1930s, the country will be sooner or later a civic state without the interference of the military.

As concerning to the relations with Israel, analysts believe that the new evolving regime of Egypt will not immediately cut the diplomatic relations with Israel due to the regional commitments with the international systems with EU and the USA.

Awawdy stresses that the new Egypt will return to play a leading role in the region and in the Arab world. He is quite sure that Egypt will not abandon the Palestinian people.

Eventually Jabour added that Israel should know that it has to change its current strategy toward policy of justice and reconciliation in the new Middle East.