Here's the easy strategy as the Egyptians.

- Wipe out the Turks.

- Choose either the Byzantine Empire or the Almohads and wipe them out. I tend to get rid of the Almohads, for two main reasons:

1) They make me nervous sitting that close to Egypt
2) Once conquered, it's a 1-territory border (Mor or Cor).

Then you just sit back and get rich off of your large fleet. Eventually, you'll want to knock off the other Byz/Alm empire to make yourself compete, in size, with whatever other large factions are arising in the Christian West.

Hang out until the Golden Horde come. Then ally and enjoy