The article analyzes the political, economic and cultural development of Egypt over several millennia. It is claimed that Egypt is an ancient civilization, the «heart» of the Arab world and a recognized regional leader. The author explores the history of various state entities that existed on the territory of modern Egypt in the era of the Ancient World, Antiquity, the Middle Ages and Modern times. The emphasis is consistently placed on the rule of the pharaohs, Egypt’s presence in the Persian and especially the Greco-Roman world, the periods of the Arab conquest, Ottoman and British rule, the functioning of the independent Kingdom of Egypt and the Arab Republic of Egypt that succeeded it in 1953. The article contains a detailed overview of key events in the country’s internal life over the past 70 years, as well as Cairo’s activities in the international arena, including participation in the Arab-Israeli wars, relations with global and regional actors in the second half of the XX – early XXI centuries, the current position of the state as one of the leaders of the African continent. It is indicated that Egypt ranks first in Africa in terms of GDP, third in terms of population, has serious scientific and technical potential and advanced financial system by regional standards, actively attracts foreign investment and new technologies. In the field of foreign policy, Egypt, while maintaining relations with Western powers, is intensely cooperating with new centers of power, including Russia. The author concludes that today the Arab Republic of Egypt is a powerful regional actor that is diversifying its foreign policy and economic ties, as reflected by the country’s entry into the BRICS.