Egypt has lifted the energy-saving measures it introduced last month to deal with the effects of an energy crisis caused by the war on Iran, announcing on Sunday that shops will no longer be required to shut at 11 p.m. local time (2000 GMT).
Decision Details
The cabinet stated that Egypt “approved suspending the decision requiring shops, malls and restaurants to close at 11 p.m., with a return to previously applied normal operating hours.” This move marks a significant shift as the country eases restrictions implemented to conserve energy.
Global Context
The economic shockwaves of the war continue to reverberate around the globe. Iran has sealed off the Strait of Hormuz, cutting off vast quantities of oil, natural gas and fertiliser from the global market. This has sent prices soaring and raised fears of widespread hunger across the developing world.
The decision to end the 11 p.m. closure is expected to provide relief to businesses and consumers, allowing for extended commercial activity. However, the broader economic impact of the conflict remains a concern for Egypt and other nations.
