Naucratis (nŏk´rətĬs), ancient city of Egypt, on the Canopic branch of the Nile, 45 mi (72 km) SE of Alexandria. It was probably given (7th cent. BC) by Psamtik to Greek colonists from Miletus and was the first Greek settlement in Egypt. The rise of Alexandria and the shifting of the Nile caused its decline. The site has been excavated, revealing pottery of a Greek type and ruins of Greek temples.