Egyptians celebrate Eid amid austerity measures

2018-06-15 17:35
iStock

iStock

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Egyptians are celebrating Eid al-Fitr, the holiday that comes at the end of the holy month of Ramadan.

The holiday comes as President Abdel-Fattah al-Sisi's government presses ahead with austerity measures that led to price hikes.

The measures, which have included slashing fuel and electricity subsidies, imposing a value-added tax and a currency flotation, are part of an economic reform programme linked to a three-year, $12n bailout loan from the International Monetary Fund, which Egypt secured in 2016.

The government recently raised fares for Cairo's subway and the price of tap water and electricity. A new round of fuel subsidy cuts is expected soon.

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

FOLLOW News24 Africa on Twitter and Facebook


Read more on:    imf  |  egypt  |  north africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
 

Kim Kardashian-West buys fake testicles to boost her dog’s self-esteem

Kim Kardashian is known for her over-the-top lifestyle and crazy spending habits. This may be a little extreme though…

 

Paws

10 tips on exercising your dog
Our top picks for doggo post of the week
Meet the unstoppable two-legged cat taking over the interwebs!
10 foods you should NEVER feed your dog!
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.