Why Egypt has high Ramadan prices despite economic gains
Egypt’s economy is in stronger shape this year than it was during last year’s Ramadan. But the improving macroeconomic outlook has yet to translate into relief for consumers, as inflation continues to weigh on spending.
Welcome back to AL-MONITOR Business & Tech.
Ramadan Kareem to all readers observing across the globe.
In this week’s newsletter, we look at why millions of Egyptians will continue to face high prices during this year’s holy month, despite the country’s economic trajectory improving. Moving across North Africa, we report on the return of international oil majors to Libya after years of conflict forced many to withdraw from the country.
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