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Egypt holidays

Information about Egypt

The regularity and richness of the annual Nile River flood, coupled with semi-isolation provided by deserts to the east and west, allowed for the development of one of the world's great civilizations. A unified kingdom arose circa 3200 B.C., and a series of dynasties ruled in Egypt for the next three millennia. The last native dynasty fell to the Persians in 341 B.C., who in turn were replaced by the Greeks, Romans, and Byzantines. It was the Arabs who introduced Islam and the Arabic language in the 7th century and who ruled for the next six centuries. A local military caste, the Mamluks took control about 1250 and continued to govern after the conquest of Egypt by the Ottoman Turks in 1517. Completion of the Suez Canal in 1869 elevated Egypt as an important world transportation hub. Ostensibly to protect its investments, Britain seized control of Egypt's government in 1882, but nominal allegiance to the Ottoman Empire continued until 1914. Partially independent from the UK in 1922, Egypt acquired full sovereignty from Britain in 1952. 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 meet the demands of Egypt's population through economic reform and massive investment in communications and physical infrastructure. Inspired by the 2010 Tunisian revolution, Egyptian opposition groups led demonstrations and labor strikes countrywide, culminating in President Hosni MUBARAK's ouster. Egypt's military assumed national leadership until a new parliament was in place in early 2012; later that same year, Mohammed MORSI won the presidential election. Following often violent protests throughout the spring of 2013 against MORSI's government and the Muslim Brotherhood (MB), and massive anti-government demonstrations, the Egyptian Armed Forces (EAF) intervened and removed MORSI from power in mid-July 2013 and replaced him with interim president Adly MANSOUR. In mid-January 2014, voters approved a new constitution by referendum. Presidential elections to replace MANSOUR are scheduled for late May 2014. According to the constitution and the government's transitional road map, preparations for parliamentary elections will begin by mid-July 2014.

Egypt's economy

Occupying the northeast corner of the African continent, Egypt is bisected by the highly fertile Nile valley, where most economic activity takes place. Egypt's economy was highly centralized during the rule of former President Gamal Abdel NASSER but opened up considerably under former Presidents Anwar EL-SADAT and Mohamed Hosni MUBARAK. Cairo from 2004 to 2008 aggressively pursued economic reforms to attract foreign investment and facilitate growth. Poor living conditions combined with limited job opportunities for the average Egyptian contribute to public discontent. After unrest erupted in January 2011, the Egyptian Government backtracked on economic reforms, drastically increasing social spending to address public dissatisfaction, but political uncertainty at the same time caused economic growth to slow significantly, reducing the government's revenues. Tourism, manufacturing, and construction were among the hardest hit sectors of the Egyptian economy, pushing up unemployment levels, and economic growth remains slow amid political uncertainty, government transitions, unrest, and cycles of violence. Cairo since 2011 has drawn down foreign exchange reserves and depended on foreign assistance, particularly from Gulf countries, to finance imports and energy products and prevent further devaluation of the Egyptian pound, fearing higher inflation from a weaker currency.

Issues in Egypt

Sudan claims but Egypt de facto administers security and economic development of Halaib region north of the 22nd parallel boundary; Egypt no longer shows its administration of the Bir Tawil trapezoid in Sudan on its maps; Gazan breaches in the security wall with Egypt in January 2008 highlight difficulties in monitoring the Sinai border; Saudi Arabia claims Egyptian-administered islands of Tiran and Sanafir Refugees and internally displaced persons: refugees (country of origin): 70,026 (West Bank and Gaza Strip); 12,927 (Sudan); 6,316 (Somalia); 5,506 (Iraq) (2013); 137,916 (Syria) (2014) stateless persons: 60 (2012) Illicit drugs: transit point for cannabis, heroin, and opium moving to Europe, Israel, and North Africa; transit stop for Nigerian drug couriers; concern as money laundering site due to lax enforcement of financial regulations

Prices in Egypt (1 EGP = 0.05 USD)
Meal in inexpensive restaurant29.7 EGP
3-course meal in restaurant (for 2)165.45 EGP
McDonalds meal38.75 EGP
Local beer (0.5 draft)10.8 EGP
Foreign beer (0.33 bottle) 17.57 EGP
Cappuccino15.87 EGP
Pepsi/Coke (0.33 bottle)3.46 EGP
Water (0.33 bottle)1.99 EGP
Milk (1l)7.7 EGP
Fresh bread (500g)5.17 EGP
White Rice (1kg)4.86 EGP
Eggs (12) 12.41 EGP
Local Cheese (1kg) 25.81 EGP
Chicken Breast (1kg) 42.72 EGP
Apples (1kg) 12.53 EGP
Oranges (1kg) 4.37 EGP
Tomato (1kg) 3.39 EGP
Potato (1kg) 4.23 EGP
Lettuce (1 head) 1.97 EGP
Water (1.5l)3.44 EGP
Bottle of Wine (Mid-Range) 65.8 EGP
Domestic Beer (0.5 bottle)11.34 EGP
Foreign beer (0.33 bottle) 18.51 EGP
Cigarettes19.6 EGP
One way local bus ticket1.35 EGP
Monthly pass for bus64.4 EGP
Taxi start2.85 EGP
Taxi 1km1.32 EGP
Taxi 1hour waiting22.14 EGP
Gasoline (1 liter) 2.39 EGP
Utilities for a "normal" apartment151.39 EGP
Tennis Court Rent (1 Hour on Weekend) 47.93 EGP
Apartment (1 bedroom) Outside of Centre 876.55 EGP

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