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This has been brought up multiple times already.
Due to the weak nature of the currency and the low user counts from the region, that is why Egypt does not have its own payment region.
I don't disagree that there is a big issue for Egyptian Steam users...
https://steamhost.cn/steamcommunity_com/discussions/forum/7/4406292068725299878/
Their own banks don't allow USD transactions. This is the problem.