The holy month of Ramadan holds a special significance in Egypt, both spiritually and economically. This year, Ramadan arrives amid a complex economic landscape, marked by a delicate balance between current and expected inflation rates. As is customary, consumer spending surges during Ramadan, which raises crucial questions about what Egyptians prioritize and how they cope with potential price hikes.

Minister of Local Development and Head of the Supreme Committee for Licensing Public Stores Manal Awad has announced an official decision setting the closing times for shops, restaurants, and cafes during the holy month of Ramadan and Eid El-Fitr for the year.

Egyptian Prime Minister Mostafa Madbouly confirmed that wage increases for government employees will take effect in July at the start of the new fiscal year (FY) 2025/2026.

Madinet Masr has launched a comprehensive community initiative in Ramadan to distribute 10,000 Iftar meals, in collaboration with the Egyptian Food Bank (EFB).

Majid Al Futtaim has partnered with the Egyptian Food Bank (EFB) to provide essential food packages for underprivileged families during Ramadan.

iSON Xperiences has partnered with the Egyptian Food Bank to provide underprivileged families with boxes packed with essential items and food during Ramadan

Egypt has set the closing time of shops, restaurants, malls, cafes, and bazaars at 2 am during the holy month of Ramadan and Eid Al-Fitr.

The Minister of Supply and Internal Trade Ali Moselhy has issued a ministerial directive aimed at organizing operations in municipal bakeries and distribution points for essential commodities and other commercial activities during the month of Ramadan, as per a statement by the ministry.

As the holy month of Ramadan draws near, Egyptians are grappling with a complex economic reality. Soaring inflation is squeezing household budgets, forcing many to adjust their Ramadan traditions. Adding to the concerns is the ongoing sugar dilemma, marked by escalating prices and shortages in some areas. While the government is taking measures to address these issues, concerns remain.

Talabat Egypt has launched “Ramadan Offers Festivals”, offering a number of offers and discounts of up to 40% on several products until the end of Ramadan.

Amazon Egypt has launched the Ramadan sale event, offering additional instant bank discounts and 0% installment plans to customers with valU, CIB and Banque Misr.

The Egyptian cabinet has approved the suspension of the power cut plan during the holy month of Ramadan to mitigate burdens on citizens.

Egypt will import 154,500 cattle to meet the demands during the holy month of Ramadan, Eid El-Fitr, and Eid Al-Adha, the Ministry of Agriculture and Land Reclamation announced.

Ramadan Kareem everyone. This year, the holy month of Ramadan comes in the midst of difficult economic circumstances, with the Egyptian market suffering from the unavailability of some goods, in addition to instability and a continuous rise in prices, especially those of food and beverages. These conditions will likely affect the Egyptians’ behavior during the holy month.

Egypt has set the closing time of shops, restaurants, malls, cafes, and bazaars at 2 am during the holy month of Ramadan and Eid Al-Fitr

As the holy month of Ramadan approaches, the Egyptian markets are expecting to face some challenges due to soaring inflation. However, consumer behavior during the holy month is both likely and unlikely to change, which could positively affect the economy. When it comes to food, people do not stop consumption; however, many are set to consume rationally this Ramadan.