The New York Times on Nostr: Even Summer Nights Can’t Escape Egypt’s Economic Crisis ========== Cairo's summer ...
Even Summer Nights Can’t Escape Egypt’s Economic Crisis
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Cairo's summer nights are dimmed by a government mandate to close shops by 10 p.m. due to an energy shortage; the economic crisis has left many Egyptians struggling, with inflation and currency devaluation since 2016; President Abdel Fattah el-Sisi's promises of prosperity have not materialized for most; nearly 30% of Egyptians live in poverty; recent electricity price hikes add to the burden; shopkeepers report a 70% drop in business; locals express feelings of despair and resignation.
#Egypt #EconomicCrisis #Cairo #Inflation #EnergyShortage #AbdelFattahElsisi #Poverty #Business #GovernmentPolicy #SocialIssues
https://www.nytimes.com/2024/09/01/world/middleeast/egypt-economic-crisis.html
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Cairo's summer nights are dimmed by a government mandate to close shops by 10 p.m. due to an energy shortage; the economic crisis has left many Egyptians struggling, with inflation and currency devaluation since 2016; President Abdel Fattah el-Sisi's promises of prosperity have not materialized for most; nearly 30% of Egyptians live in poverty; recent electricity price hikes add to the burden; shopkeepers report a 70% drop in business; locals express feelings of despair and resignation.
#Egypt #EconomicCrisis #Cairo #Inflation #EnergyShortage #AbdelFattahElsisi #Poverty #Business #GovernmentPolicy #SocialIssues
https://www.nytimes.com/2024/09/01/world/middleeast/egypt-economic-crisis.html