Egypt Location : Northern Africa, bordering the Mediterranean Sea, between Libya and the Gaza Strip
Capital City : Cairo
Curreny : Egyptian pound (EGP)
Languages Spoken : Arabic (official), English and French widely understood by educated classes
Climate : desert; hot, dry summers with moderate winters
National Holiday : Revolution Day, 23 July (1952)
Background Information
Nominally independent from the UK in 1922, Egypt acquired full sovereignty following World War II. The completion of the Aswan High Dam in 1971 and the resultant Lake Nasser have altered the time-honored place of the Nile river in the agriculture and ecology of Egypt. A rapidly growing population (the largest in the Arab world), limited arable land, and dependence on the Nile all continue to overtax resources and stress society. The government has struggled to ready the economy for the new millennium through economic reform and massive investment in communications and physical infrastructure.
Geographical Note
controls Sinai Peninsula, only land bridge between Africa and remainder of Eastern Hemisphere; controls Suez Canal, shortest sea link between Indian Ocean and Mediterranean Sea; size, and juxtaposition to Israel, establish its major role in Middle Eastern geopolitics; dependence on upstream neighbors; dominance of Nile basin issues; prone to influxes of refugees
Economy
Egypt improved its macroeconomic performance throughout most of the last decade by following IMF advice on fiscal, monetary, and structural reform policies. As a result, Cairo managed to tame inflation, slash budget deficits, and attract more foreign investment. In the past three years, however, the pace of reform has slackened, and excessive spending on national infrastructure projects has widened budget deficits again. Lower foreign exchange earnings since 1998 resulted in pressure on the Egyptian pound and periodic dollar shortages. Monetary pressures have increased since 11 September 2001 because of declines in tourism, Suez canal tolls, and exports, and Cairo has devalued the pound several times in the past year. The development of a gas export market is a major bright spot for future growth prospects.
Religions
Muslim (mostly Sunni) 94%, Coptic Christian and other 6%
Ports : Alexandria, Al Ghardaqah, Aswan, Asyut, Bur Safajah, Damietta, Marsa Matruh, Port Said, Suez
International Disputes - Risks to travellers
: Egypt and Sudan each claim to administer triangular areas which extend north and south of the 1899 Treaty boundary along the 22nd Parallel (in the north, the "Hala'ib Triangle", is the largest with 20,580 sq km); in 2001, the two states agreed to discuss an "area of integration" and withdraw military forces in the overlapping areas
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