The World Bank recently published a new report on the debts of countries around the world, and the novelty is not "that Egypt has a debt" but that it is marked among the countries of the world as a country with an especially heavy burden.
In the report, Egypt appears among the five countries with one of the highest ratios of interest to external debt compared to exports in the world.
In the indicator of "net debt outflow," meaning new loans minus principal repayments, Egypt's situation is particularly severe. Last year, Egypt received $18.2 billion in debt issuances but repaid $23.1 billion in principal, meaning a net debt outflow of $3.38 billion, and this is before calculating the "equalizer": $9.8 billion in interest paid in the same year.
To close the gap, countries tend to rely on external capital such as asset/investment deals (for example, the Ras Al-Khima deal with the Emirates worth $35 billion), which can help immediately but can also dry up quickly.