MCB
Don't know about Cruise on the Nile, but Brits have been warned away from Egypt at present, though I don't think many are taking the warning seriously.
I have always fancied Egypt, alot of Brits seem to head for Sheik El Sharma and El Gouda which are resorts on the Red Sea and are ALL INCLUSIVE and are usually 4*. Friends came back fortnight ago the temp was in the later 30's, they loved it, they said the diving was out of this world, and they have dived all over. It is about 5 hour flight from the UK.