One slight problem.....
When you leave Egypt (I assume you are going into either Jordan or Libya), then I assume the bike will still be in the name of your Egyptian friend?
If this is the case, then I expect you will then have some hassles with customs at either border crossing if the vehicle has Egyptian plates and is not in your name.
I hope it works for you, but make sure if the bike remains in your friend's name after you leave Egypt that you have some form of document confirming you are allowed to ride the bike.
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