Shield and Alert: Egypt Bound

Immediately after “winning” a third term at the end of December 2023, President Abdelfattah Al-Sisi ordered the “progressive” dismantling of the so-called subsidies. Overnight, as the calendar shifted to 2024, the prices of electricity increased by as much as 26%. As you would expect many other products followed immediately, such as the prices for accessing the Internet up 33%, the price of Cairo metro ticket up by 20%. And that’s just the beginning. In the coming weeks and months, check out the prices of food and basic commodities soaring again, as the Egyptian Pound likely to lose more value.

Egypt's President Abdel Fattah al-Sisi has won a third term with 89.6 percent of the vote in the Arab world's most populous nation, the national election authority said Monday. The outcome of the December 10-12 poll was widely expected after the former army chief with...