Following the attack on Friday morning US President Donald Trump cited it as justification for his controversial ban on citizens from seven Muslim-majority countries entering the US - but neither Egypt or Dubai are on Mr Trump's list of banned countries.
Paris Police Chief Michel Cadot said the man, armed with a machete and shouting "Allahu Akbar" ("God is great" in Arabic), launched himself at soldiers and police officers at the Carrousel du Louvre underground shopping complex.
The backpacks did not contain explosives, although the suspect did bring with him two machetes.
President Francois Hollande and prime minister Bernard Cazeneuve said the attack on a four-strong foot patrol of paratroopers from the anti-terrorist "Sentinelle" unit had a "terrorist character".
Sources investigating the incident said the attacker is a 29-year-old man, adding he said in his visa application he was Egyptian-born.
News of the attack outside the Louvre Museum on Friday broke hours before bid officials hosted a ceremony near the Eiffel Tower to coincide with the final submission of their 110-page dossier to the International Olympic Committee.
However, he cautioned, the authorities have not yet formally established the suspect's identity.
France is on high terror alert after a series of militant Islamist attacks that have left over 230 people dead in the past two years alone.
Military patrols of about 3,500 soldiers in the Paris area were instituted after the January 2015 attacks on Paris' satirical magazine Charlie Hebdo. Evacuate!" she said. "They told us to evacuate.
Mayor Anne Hidalgo added, "In this context of terrorist threat that concerns every big city in the world, we saw how efficient and relevant Paris security features were".