Egyptian President Mohammad Mursi warned on Wednesday that polarized state of the country’s politics is "threatening to paralyze” Egypt

Egyptian President Mohammad Mursi warned on Wednesday that polarized state of the country's politics is "threatening to paralyze” Egypt, urging all political factions to remain committed to law and engage in dialogue to resolve issues facing the nation.

In a televised address lasting more than two and a half hours, Mursi offered his opponents a say in amending a controversial new constitution and a forum to seek "national reconciliation", as he sought to avert a violent showdown in the streets.

He blamed loyalists of fallen dictator Husni Mubarak for the "paralysis" that has marked his first year in office but also offered an olive branch to opponents that also seemed to address demands from the army.

Mursi said he was inviting party leaders to meet on Thursday to choose a chairman for an all-party committee that would prepare amendments to the constitution. It was pushed through a referendum late last year with Islamist support, but many in the opposition say the document is flawed and biased against them.

“We Egyptians are able to overcome this phase and overcome the challenges… All I ask of you now is to sit and discuss… to look for the positives and build on them; and to fix the negatives,” he added.

Mursi acknowledged that he also made some mistakes during the first year of his presidency, adding that everyone should learn from their errors.

His speech came hours after clashes between his supporters and opponents in the Nile Delta city of Mansura. At least one person was killed and 237 people were injured in the clashes.