Here's how it looks this year:
AU's overall rank dropped from 147th last year to somewhere in the 301-350 range this year; 330th according the Richard Holmes in University World News here.
Holmes also discusses the situation in Meanwhile over in Alexandria in which he risks a law suit by calling El Naschie a "marginal academic figure", and in Update on Alexandria, where he talks about Hend Hanafi.
Ashraf Khaled has an interesting article showing the tumultuous circumstances of university presidents in post-Mubarak Egypt. Elections reinstate some university leaders.
Thanks to Shrink for this roundup. He also notes that "some Egyptian physicists/mathematicians still cite the Great Man and his E-infinity group", pointing to this October 13, 2011 paper: http://arxiv.org/PS_cache/arxiv/pdf/1110/1110.2746v1.pdf