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Egyptian monasticism attracted the attention of Christians in other parts of the world, who visited Egypt, many bringing monastic ideas home with them, and spreading monasticism through the Christian world. Saint Basil, organizer of the monastic movement in Asia Minor visited Egypt around AD 357 and his rule is followed by the eastern Churches; Saint Jerome, en route to Jerusalem, stopped in Egypt and left details of his experiences in his letters; Saint Benedict founded monasteries in the 6th century on the model of Pachomius, but in a stricter form.

A series of International Monetary Fund arrangements, coupled with massive external debt relief resulting from Egypt's participation in the Gulf War coalition, helped Egypt improve its macroeconomic performance during the 1990s. Through sound fiscal and monetary policies, Cairo tamed inflation, slashed budget deficits, and built up foreign reserves. Although the pace of structural reforms, such as privatization and new business legislation, has been slower than the IMF envisioned, Egypt's steps toward a more market-oriented economy have prompted increased foreign investment. Lower combined hard currency inflows - from tourism, worker remittances, oil revenues, and Suez Canal tolls - in 1998 and the first half of 1999 resulted in pressure on the Egyptian pound and sporadic dollar shortages, but external payments were not in crisis. Despite ample reserves, the Central Bank did not provide sufficient hard currency to commercial banks and Cairo restricted imports for a short period; these developments confirmed to some investors and currency traders that government financial operations lack sufficient coordination and openness. Monetary pressures have since eased, however, with the continued oil price recovery starting in mid-1999 and a moderate rebound in tourism. Increased gas exports are a major plus factor in future growth.

The region around the Nile is one of the oldest continually-inhabited areas in the world. Ancient Egyptian musicians are known to have played harps and flutes circa 4000 BC, and double clarinets and lyres from around 3500 BC. Percussion instruments were added to orchestras by 2000 BC. It is probable that no system of musical notation existed at the time, as none have survived. The music of ancient Egypt has not been documented, but some musicologists believe that the liturgical music of the Coptic Church is directly descended from ancient Egyptian music.

During the first few centuries of the Christian era, Egypt was the ultimate source of a great deal of ascetic literature in the Coptic language. Egyptian monasteries translated many Greek and Syriac works, which are now only extant in Coptic.

Egypt has been a republic since 18 June 1953. President Mohamed Hosni Mubarak has been the President of the Republic since October 14, 1981, following the assassination of former President Anwar Sadat. President Mubarak is currently serving his fourth term in office. He is the leader of the ruling National Democratic Party. Prime Minister Ahmed Nazif was sworn in as Prime Minister on 9 July 2004, following the resignation of Dr. Atef Obied from his office.

One of the reasons so little is known about the Library is that it was lost centuries after its creation. All that is left of many of the volumes are tantalizing titles that hint at all the history lost due to the building's destruction. Few events in ancient history are as controversial as the destruction of the Library, as the historical record is both contradictory and incomplete. Its destruction has been attributed by some authors to, among others, Julius Caesar, Augustus Caesar, and Catholic zealots during the purge of the Arian heresy. Not surprisingly, the Great Library became a symbol of knowledge itself, and its destruction was attributed to those who were portrayed as ignorant barbarians, often for purely political reasons.