In a once bustling Cairo shopping street, many businesses have now shut down or are operating at reduced opening hours.

Sitting outside their shops, owners complain that soaring living costs have resulted in fewer customers and less spending.

In June, Egypt hiked fuel prices by 50 percent to help meet the terms of a $12 billion International Monetary Fund (IMF) loan deal.

This was a sharper rise than expected by many Egyptians already struggling with inflation.

The fuel price rise has affect…
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