A couple of years ago the Soviet Union fell and the Cold War ended. Among other radical changes in the global geopolitical order, Russia was supposed to stop counterbalancing the US by militarily bolstering Arab regimes in the Middle East. Somebody apparently didn't get that memo:

Russia and Egypt are expected to sign a civilian nuclear cooperation agreement this week that will boost Cairo's efforts to join a string of Sunni countries keen on developing nuclear potential and that government officials in Jerusalem believe is intended in part to offset Iran's nuclear program. Egyptian President Hosni Mubarak traveled to Moscow for a two-day visit Monday, and the Russian wire service RIA Novosti quoted Egyptian Foreign Minister Ahmed Abul Gheit as saying that the agreement would be signed during the visit.

This would presumably be one of several reactors that Egypt plans to build. At least there's no radical Muslim organization stationed in Egypt that might have an interest in stuffing radioactive material into a dirty bomb. And it's not like the whole country is one disgruntled general away from being the most dangerous country in the world.

References:
* Egypt to sign nuclear pact with Russia [JPost]
* Egypt To Build Multiple Nuclear Reactors [MR]
* Israeli-Egyptian Peace Not Really Working Out "Peacefully" [MR]

Previously:
* Smuggled Weapons Used To Kill Two Israeli Soldiers - Thanks Egypt (Plus: Hamas Still Bragging About The War They Started)
* Turns Out, Egypt Not Pro Israeli Security
* Egypt Uncovers A Single Smuggling Tunnel, Basically Calls It A Day (Plus: Egypt In Explicit Violation Of Security Agreements?)