I used Egypt just as an example, the countries actually involved are Latvia and other EU countries. This is a really old case, it used to be the case that the steam store wouldn't even open if your were not from the US. There's a complex web of financial trade agreements and red tape behind making a global digital store with regional pricing available. There's also a lot of shenanigans that go on to avoid abuse of regional pricing. Steam limits changing your store region to once every 6 months, for example. Which makes it impossible to exploit the regional pricing model. This case is precisely because Steam and the 5 stooges (Bandai Namco, Capcom, Focus Home, Koch Media and ZeniMax) didn't want to let EU citizens from one country buy a cheaper version of the same game in another EU country. I think the most egregious thing is that Valve claimed not guilty, not by saying they didn't do it, but that they did it and they were in their right to do so. The EU said, it's not abusing the store, EU citizens are in their right to use whatever store from any other EU country under the single digital market law.

Unlike the EU, the rest of the world is still geoblocked, and discriminated by Steam. For instance, I can't buy Elden Ring, I can't even see their store webpage at all. Regional pricing is a good thing to make games affordable for different markets with different purchase and income levels (fuck Epic store), but it should be based on currency and payment method, not geographical location. This along with Nintendo's regional blocking and the bullshit that Hollywood does wolrdwide are just anti-consumer manipulation.

Source.