Arab Today, arab today elsisi pledges measures to ease strain on the poor in ramadan
Last Updated : GMT 04:19:27
Arab Today, arab today
Arab Today, arab today

Egyptian President Abdel Fattah El-Sisi

El-Sisi pledges measures to ease strain on the poor in Ramadan

Arab Today, arab today

Arab Today, arab today El-Sisi pledges measures to ease strain on the poor in Ramadan

Egyptian President Abdel Fattah El-Sisi
Cairo - Arab Today

Egyptian President Abdel Fattah El-Sisi sought to ease the concerns of Egyptians grappling with rising prices ahead of the Muslim holy month of Ramadan by pledging a raft of economic measures including tax breaks.
El-Sisi, in an interview published in state newspaper Al-Ahram on Wednesday, said his government would introduce tax cuts and increase subsidized food in the coming weeks to help Egyptians struggling amid the highest inflation rates in decades.
Affordable food is an explosive political issue in Egypt where tens of millions of people live below the poverty line.
El-Sisi said Egypt would double quantities of subsidized food to mitigate the effects of economic reforms and “benefit middle class and low-income groups.”
It was not immediately clear if the measure would be extended beyond the holy month.
Egypt has struggled to revive its economy following the 2011 revolution, which drove away tourists and foreign investors, both major sources of hard currency.
The pound has halved in value since the central bank floated the currency in November, which helped Egypt secure a $12 billion loan from the International Monetary Fund (IMF).
As part of reforms agreed with the IMF that authorities say are necessary to create jobs, Egypt has introduced a value-added tax (VAT) and cut subsidies to curb its budget deficit, placing a financial strain on families.
“The measures the president is talking about will help somewhat to absorb people’s anger at rising prices and to help them cope with the burdens of life,” said Reham El-Dessouki, an economist at Arqam Capital.
But Um Mohammed from Cairo’s Shubra El-Kheima neighborhood said she was tired of being asked to endure painful reforms and was struggling to provide food for her children.
“They asked us to have patience for one year and we bore it … then for six months and we were patient. We don’t know how long we have to be patient.”

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today elsisi pledges measures to ease strain on the poor in ramadan Arab Today, arab today elsisi pledges measures to ease strain on the poor in ramadan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today elsisi pledges measures to ease strain on the poor in ramadan Arab Today, arab today elsisi pledges measures to ease strain on the poor in ramadan

 



Arab Today, arab today Jordanian girls managed to design gowns

GMT 18:13 2017 Friday ,14 July

Jordanian girls managed to design gowns
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Al-Jeddawi presents décor ideas for Ramadan

GMT 14:44 2017 Monday ,29 May

Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today SOHR confirms death of Daesh leader

GMT 14:54 2017 Tuesday ,11 July

SOHR confirms death of Daesh leader
Arab Today, arab today Media council abandon complaint against writer

GMT 20:53 2017 Wednesday ,14 June

Media council abandon complaint against writer
Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today Saudi Arabia ranks first in Ramadan tourism

GMT 15:54 2017 Wednesday ,17 May

Saudi Arabia ranks first in Ramadan tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
Arab Today, arab today Halima Boland believes in her self-confidence

GMT 16:44 2017 Sunday ,04 June

Halima Boland believes in her self-confidence
Arab Today, arab today AED 1.5 bn in humanitarian , developmental

GMT 04:23 2017 Saturday ,24 June

AED 1.5 bn in humanitarian , developmental
Arab Today, arab today Transformation in Saudi women’s role in labor
Arab Today, arab today 'Don' and 'Hilary' storm near US

GMT 00:47 2017 Friday ,21 July

'Don' and 'Hilary' storm near US
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Kinda Aloush reveals reason behind her absence

GMT 14:40 2017 Monday ,17 July

Kinda Aloush reveals reason behind her absence
Arab Today, arab today FANC warns of threats against meadows, pastures

GMT 15:42 2017 Wednesday ,21 June

FANC warns of threats against meadows, pastures

GMT 14:56 2017 Saturday ,15 July

Ahmed Zaher praises reactions to “Case G”

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 16:35 2017 Monday ,24 April

Oprah Winfrey conquers acting fears

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:28 2017 Tuesday ,30 May

Yemen cholera death toll rises

GMT 09:32 2017 Monday ,08 May

Trump's travel ban faces new test

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 18:26 2017 Saturday ,15 July

Luxury smartphone maker Vertu to close down
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday