EGYPT - IMPORTANT FACTS
Egypt (Arab Republic of Egypt) is a Middle Eastern nation with fascinating past and the significant history of ancient Mediterranean civilizations. Egypt's beginnings date back to 3000 years B.C. As the world's most ancient state, Egypt has been given names such as "The Motherland of the World" and "The Greatest Power in Human History". Cairo, the capital of Egypt, is the home to the oldest university in existence. Egypt became an independent nation in 1922. Modern Egypt, until recently, was a republic with National Democratic Party represented by President Hosni Mubarak, who was in office since 1981 and survived six assassination attempts. The previous president, Anwar Sadat, was assassinated in 1981. Egypt has played an extremely important role in the Middle East peace process. President Sadat signed the historic Camp David peace agreement with Israel in 1979.
After Saudi Arabia, Egypt is the second largest economy in the Arab world, yet for the majority of the population the living standards remain difficult, with more than twenty percent of the population surviving below poverty level. Since previous Egyptian government of Hosni Mubarak was constantly promising extensive economic reforms, it was subsidizing basic necessities for the majority of the population, which, accordingly, has resulted in substantial budget deficit. Most of the economic and agricultural activities in Egypt take place along the banks of the Nile Valley, where the soil is extremely fertile. The rest of land is occupied by deserts.
Because of its extraordinary history with amazing places of interest, Egypt is one of the most desirable destinations for historians, archeologists, and tourists from around the world.
Full name - ARAB REPUBLIC OF EGYPT
Population - 77 million
Capital - Cairo
Major language - Arabic
Major religions - Islam and Christianity
Monetary Unit - 1 Egyptian Pound
Main exports - petroleum, petroleum products, cotton
Internet domain - .eg