According to the Bible, It was Joseph, the son of Jacob, who was most famous for interpreting dreams. The story about such an event can be found in the Book of Genesis.
Joseph was sold into slavery by his brothers but He, with His service, became a trusted servant of Pharaoh. Pharaoh was the ruler of Egypt at that time. During his time in Egypt, Joseph gained the power to interpret dreams.
It is believed that His interpretations helped Egypt prepare for the coming famine and saved many lives.