I can only answer for my own experience as a sports writer for a small daily newspaper about 10 years ago. Back then they paid $11.60 an hour (about $24k USD per year) and when I freelanced I got about $60 per story. I was a journalism major so I know several people that stayed in the field and generally, no, journalism does not pay well enough to own a home in the US, save for retirement etc. for most people. I cannot speak for Egypt. A lot of former journalists, such as myself, work their way into marketing, communications and other corporate functions where the skills you build as a journalist are much higher compensated than with an actual media company.
Hope that helps!
Kiamesha Denise’s Answer
If you have a passion for journalism and see yourself doing a journalism type job or career then go for it! However, as an author and a person who loves journalism myself, I remember having thoughts of the practicality like income or jobs offers. It can also be tricky because journalism is such a broad description. Is there a specific branch of journalism that you want to do?