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Egypt is considered to be a regional power in North Africa, the Middle East and the Muslim world, and a middle power worldwide. [ 23] It is a developing country having a diversified economy, which is the largest in Africa, the 38th-largest economy by nominal GDP and 127th by nominal GDP per capita. [ 24]
In 1885, Egypt went into a purely gold standard, and the Egyptian pound unit, known as the juneih, was introduced at £E1 = 7.4375 grammes of fine gold. This unit was chosen on the basis of the gold content in the British gold sovereign and maintaining the exchange value of 97.5 piastres to the pound sterling, and it replaced the Egyptian ...
Tricolour made of three equal horizontal bands—coloured red (top), white (middle) and black (bottom)—with two five-pointed green stars in the white band, symbolizing Egypt and Syria. [ 7] 1952–1958. Flag of the 1952 Egyptian Revolution and the Republic of Egypt.
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According to the Peterson Institute for International Economics and other proponents of demographic structural approach (cliodynamics), the basic problem Egypt has is an unemployment rate driven by a demographic youth bulge: with the number of new people entering the job force at about 4% a year, unemployment in Egypt is almost 10 times as high ...
The history of ancient Egypt spans the period from the early prehistoric settlements of the northern Nile valley to the Roman conquest of Egypt in 30 BC. The pharaonic period, the period in which Egypt was ruled by a pharaoh, is dated from the 32nd century BC, when Upper and Lower Egypt were unified, until the country fell under Macedonian rule in 332 BC.
Egypt was the first African country to join FIFA, but it has only made it to the FIFA World Cup three times, in 1934, 1990 and 2018. Egypt also won the World Military Cup five times and finished as runners-up twice. [citation needed] Other popular sports in Egypt are basketball, handball, squash, and tennis. [citation needed]
The literacy rate of women (aged 15 and over) is 65.4%, which is lower than that of men which is 82.2% (data from 2015). [ 23] Egypt is largely rural country, with only 43.1% of the population being urban (in 2015), [ 24] and access to education is poor in rural areas.