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Egyptian President Abdel Fattah Al Sisi takes the bold step of cutting food and fuel subsidies, aiming to revive the stalled economy. These measures, part of a $12 billion loan agreement with the International Monetary Fund, seek to address longstanding issues of waste and corruption. However, the subsidy cuts, coupled with currency devaluation, have caused economic shock and led to a surge in prices, putting strains on the population.
Saturday, 5 August, 2017