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Have you been to Cairo before? Why not fly there and get a bus to the sinai? Those pyramid things are worth seeing if you haven't.

naama bay, a couple kms from sharm. It was fairly undeveloped when I was there in '89 but they were in the process of putting up hotels.

Both towns are near ras mohammed with some of the best...

budapest (prague is so over ;))

grenada - south of spain, gorgeous town.

morroco - get away from the north asap, it gets friendly the further south you go. Combine this with a trip to spain if...