People cover themselves from sun, as they wait to buy subsidised food contributed by the Ministry of Defence and Military Production of the Egyptian Armed Forces in Cairo, Egypt May 10, 2017. REUTERS/Amr Abdallah Dalsh
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Egyptian President Abdel-Fattah al-Sisi sought to ease the concerns of Egyptians grappling with rising prices ahead of the Muslim holy month of Ramadan by pledging a raft of economic measures including tax breaks.Sisi, in an interview published in state newspaper Al-Ahram Wednesday, said his government would introduce tax cuts and increase subsidized food in the coming weeks to help Egyptians struggling amid the highest inflation rates in decades.Affordable food is an explosive political issue in Egypt where tens of millions of people live below the poverty line and hunger and economic discontent have helped unseat two presidents in recent years.It was not immediately clear if the measure would be extended beyond the holy month.
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