Certain valuables such as electrical equipment, video camera etc must be declared on arrival. Electrical items noted in passports must be produced on exit from the country. Failure to do so will result in payment of high rates of customs duty. It is advisable to contact the Egyptian embassy in your country of residence for specific information regarding customs requirements.
Does this also apply to Sharm / do people really bother - with things like Ipods/ PSPs/PDAs/laptops ?