As of the end of March 2024, Egypt's total outstanding Arab debts reached approximately $41.6 billion, according to a report by the Central Bank of Egypt. The United Arab Emirates accounts for about $16.4 billion, which represents approximately 10.2% of Egypt's total external debt owed to Arab countries, followed by Saudi Arabia with about $12.6 billion or 7.8%. Kuwait ranks third with debts amounting to $6.2 billion, or 3.9% of the total debts owed by Egypt, and finally, Qatar holds around 2.5% with $4 billion.
The dollar constitutes approximately 67.4% of Egypt's total external debt, amounting to around $108.3 billion. The euro follows, representing about $18.3 billion, while other major currencies account for approximately $34 billion, distributed as follows: special drawing rights amounting to $19.1 billion, then the Chinese yuan at $4.6 billion. The Kuwaiti dinar represents $3.8 billion of the total external borrowing, followed by the Japanese yen at $3.3 billion, while other currencies collectively account for about $3.2 billion.
