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I know you can fish from Old Vic Beach, just ask at the reception, there is very nice place to fish from the beach. They will charge you around 25 egyptian pounds, but you have to have your own equipment. You can also get a fishing trip, I know it's organized only on Fridays, from a boat. You can have really nice equipment.
Fishing trips are organised on an everyday basis. Ask at any aqua centre for a ticket (around 15$). When you've caught your fish a good place to fry it is in Sakkala square. Although the interior is really scruffy, they make it very cheap and delicious!!!