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Under comprehensive economic reforms initiated in 1991, Egypt has relaxed many price controls, reduced subsidies, and partially liberalized trade and investment. Manufacturing is still dominated by the public sector, which controls virtually all heavy industry. A process of public sector reform and privatization has begun, however, which could enhance opportunities for the private sector. Agriculture, mainly in private hands, has been largely deregulated, with the exception of cotton and sugar production. Construction, non-financial services, and domestic marketing are largely private. This has promoted a steady increase of GNP and the annual growth rate. Among Arab countries, Egypt's GDP is second only to Saudi Arabia's. However, the Egyptian economy relies heavily on tourist revenues. The tourism sector suffered tremendously following a terrorist attack on tourists in Luxor in October 1997, and the September 11, 2001 terrorist attacks against the United States, affecting the economy as a whole.

The League of Arab States headquarters is in Cairo. The Secretary General of the League has traditionally been an Egyptian. Former Egyptian Foreign Minister Amr Moussa is the present Secretary General of the Arab League.

In modern times, archaeology and the study of Egypt's ancient heritage as the field of Egyptology has itself become a major scientific pursuit in the country. Led at first by Westerners, this modern rediscovery has in recent decades been taken up by Egyptian archeaologists such as Zahi Hawass and the Supreme Council of Antiquities he leads. None of this could have taken place, though, without the discovery of the Rosetta Stone, a tablet written in ancient Greek, Egyptian demotic script, and Egyptian hieroglyphs. Greek, a well known language, gave linguists the ability to decipher the mysterious Egyptian hieroglyphic language. The ability to decipher hieroglyphics facilitated the translation of hundreds of the texts and inscriptions that were previously indecipherable, giving us insight into Egyptian culture that would have otherwise been lost to the ages. The stone was discovered on July 15, 1799 in the port town of Rosetta, Egypt,and has been held in the British Museum since 1802.

The Theological college of the catechetical school of Alexandria was re-established in 1893. The new school currently has campuses in Alexandria, Cairo, New Jersey, and Los Angeles, where Coptic priests-to-be and other qualified men and women are taught among other subjects Christian theology, history, Coptic language and art - including chanting, music, iconography, and tapestry.

In addition to the agricultural capacity of the Nile Valley and Delta, Egypt's natural resources include petroleum, natural gas, phosphates, and iron ore. Crude oil is found primarily in the Gulf of Suez and in the Western Desert. Natural gas is found mainly in the Nile Delta, off the Mediterranean sea shore, and in the Western Desert. Oil and gas accounted for approximately 7% of GDP of fiscal year 2000-01.

The vast majority of Egypt's population inhabit the banks of the Nile river (about 40,000 km²).Large areas of land are part of the Sahara Desert and are sparsely inhabited.

Mummies have been an object of intense interest in the West since archaeologists began finding them in large numbers. 19th century aristocrats would often entertain themselves by buying mummies, having them unwrapped, and holding observation sessions. These sessions destroyed several mummies, because the exposure to the air caused them to desintegrate.

Parliament meets for one nine-month session each year: under special circumstances the President of the Republic can call an additional session. Even though the powers of the Parliament have increased since the 1980 Amendments of the Constitution, the Parliament remains to lack the powers to balance the excessive powers of the President.

The Muslim Brotherhood's reemergence as a political force coincided with the proliferation of Islamic groups. Some of these groups espoused the violent overthrow of the government while others espoused living a devout life of rigorous observance of religious practices. It is impossible to list all the Islamic groups that emerged in the late 1970s because many of them had diffuse structures and some of the more militant groups were underground. Egypt's defeat and loss of territory in the June 1967 Six-Day War was the main cause for the growth of religiously inspired political activism. Muslims tended to view the humiliating experience as the culmination of 150 years of foreign intrusion and an affront to their vision of a true Islamic community. Islamic tradition rejected the idea of non-Muslims dominating Muslim society. Such a state of affairs discredited Muslim rulers who permitted it to persist. It was, therefore, incumbent on believers to end the domination and restore the true supremacy of Islam. As part of their Sunni creed, the most radical activists adopted jihad and committed themselves to battling unbelievers and impious Muslims. During the 1970s and 1980s, Islamists perpetrated a number of violent acts, including the assassination of Anwar Sadat in October 1981.

Arabic came to Egypt in the seventh century, and Egyptian Arabic has become the modern speech of the country. Of the many varieties of Arabic, it is the most widely spoken second dialect, probably due to the influence of Egyptian cinema throughout the Arabic-speaking world.

Coptic Christians celebrate Christmas on the 7th of January which, since 2002, is an official national holiday in Egypt.