Egypt Implements Business Curfew to Counter Rising Energy Costs

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Egypt has implemented a nationwide business curfew requiring most commercial shops and malls to close by 10 PM to address a growing energy crisis. This measure is designed to reduce electricity consumption as the country faces record-breaking summer temperatures and high fuel costs. By limiting operating hours for non-essential businesses, the government aims to stabilize the national power grid and decrease the financial burden of energy imports. While essential services remain exempt, the restrictions highlight the significant economic challenges currently facing the nation’s energy infrastructure.

  • A mandatory 10 PM closing time has been established for most retail shops, malls, and commercial enterprises.
  • The curfew is intended to mitigate the impact of soaring fuel prices and the high cost of energy imports.
  • Essential businesses, such as pharmacies, grocery stores, and bakeries, are permitted to stay open past the curfew.
  • The Egyptian government currently spends approximately $1 billion monthly on energy imports to meet domestic demand.
  • Severe heatwaves have increased the demand for air conditioning, contributing to natural gas shortages and frequent power outages.

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FRANCE 24 Englishhttps://www.france24.com/
France 24 is a French state-owned international news television network based in Paris, aimed primarily at an overseas market. It broadcasts around the clock in French, English, Arabic, and Spanish, providing rolling news and current affairs with a distinctively French perspective on global events. Publicly funded by the French government, the network focuses on international debate, culture, and diplomacy, serving as France's equivalent to global broadcasters like BBC World News or DW.

4 COMMENTS

  1. There is no obstacle between Egypt and gulf oil supplies, the Gulf States can't get their oil into Asia, Egypt is the 29th highest producer of oil on the planet… and Egypt is rationing oil so it can sell it to the highest bidder later? Wow, capitalism is crazy.

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