Fuel price hikes will hurt ordinary people the worst

Inflation resulting from the fuel hikes is expected to have a severe negative impact on “ordinary Egyptians,” says Hossam Abougabal in a piece for MEED, despite the government’s social safety measures, which he says are not enough to combat current austerity. “Cairo has been quick to implement reforms that affect ordinary Egyptians, but too slow to implement reforms that aim to improve the ease of doing business,” he writes.