Price hikes in Egypt bite hard during Ramadan

An Egyptian vendor arranges his goods at a market in the neighborhood of Sayeda Zeinab, in Cairo, Egypt, on Tuesday. (AP)
Updated 15 June 2016

Price hikes in Egypt bite hard during Ramadan

CAIRO: Shop owner Hassan Mahmoud laid out his heaps of dried fruits and nuts at a multicolored Ramadan tent in the Egyptian capital to catch shoppers’ eyes for the holiday, like he does every year. Only this time, he said, “people aren’t buying.”
“Things get more expensive every year but this time it’s even worse because the dollar is higher,” Mahmoud said as he stood on a street full of similar stands bedecked with lanterns set up for the holy month that began June 6.
Annual inflation hit 12.23 percent in May — the highest level in seven years — driven partly by dollar appreciation. The economy has yet to recover from the 2011 uprising that toppled longtime autocrat Hosni Mubarak, and the man charged with fixing it — President Abdel Fattah El-Sisi — has shown little tolerance for criticism.
The price hikes are particularly painful during Ramadan, when families traditionally break the dawn-to-dusk fast with lavish feasts.


Israeli jets strike Hamas targets in Gaza: military

Updated 03 August 2020

Israeli jets strike Hamas targets in Gaza: military

  • Israeli fighter jets carried out strikes on Hamas facilities in Gaza

JERUSALEM: Israeli fighter jets carried out strikes on Hamas facilities in the Gaza Strip after a “rocket” was fired from the Hamas-controlled enclave toward the Jewish state, its military said Monday.
Israel said Sunday night a “projectile” fired from Gaza had been intercepted by its Iron Dome anti-rocket system.
It was the first to be fired from the Palestinian coastal enclave since the first week of July, and set off sirens, the Israeli army said.
In response, “our fighter jets and & aircraft just struck subterranean Hamas terror facilities in Gaza,” the Israel Defense Forces said in a statement.
A spokesperson for the regional council of Shaar Hanegev, the area where the sirens sounded, said the projectile launched from Gaza had not caused any damage or casualties.
Israel and Islamist movement Hamas have fought three wars since 2008.
Despite a truce in recent months, they have periodically exchanged fire, with militants in the strip lobbing rockets into Israel and the Jewish state responding with strikes against targets inside Gaza.