Following an almost month-long emergency law and accompanying curfew, as well as intermittent clashes and violence, many shopkeepers in Egypt have reported struggling to stay in business, and operating in the red.
“We are suffering, all the shopkeepers here are encountering severe economic recession caused by the spread of violence and terrorism in the Egyptian streets that have badly affected our businesses,” said Ahmed Abd El Fattah, a shopkeeper in downtown Cairo. He said that many of his fellow shop owners have been forced to borrow money from neighbors, and that “our families and children are suffering too.”
Fattah did not blame the curfew for the lack of business; “the violence and the clashes made people scared to go,” he said, adding “Friday used to be the best selling day but not any more after TV showing marches wandering around.”
Yaser Ahmed, who manages a gift shop in Heliopolis has not lost hope yet; he says he can survive this hard time in his life, through the hope that Egypt’s national security will be restored.
“A lot of shopkeepers have been paying the price for the future welfare and stability of their children; they might stay hungry for many days,” he said.
The former minister of economy, Dr Mostafa Al Sa’id, has called on the government to extend the emergency law, ban demonstrations and skip the curfew in order to increase working hours, which could accelerate economic recovery .
“We understand the government’s constant efforts to restore security and to refrain violence but the curfew has negative impact on people’s daily life and causes the closure of essential governmental establishments, which plays a strong role in the ” said Al Sa’id.
“I believe it is possible to fight against terrorism and abort the curfew simultaneously in order to restore the economical situation,” added Al Sa’id.
Economic expert Rashad Abdu told Youm7 there should be a crisis administration committee to help address and reduce the negative impact of the curfew.
“The curfew is not the problem, but the surrounding atmosphere caused by it is,” Abdu stated adding that banks and Egypt’s stock market have been badly affected.
“The violence of the MB caused the economical collapse. We have to pay the price for our children’ safe future,” he said.
Translated from Youm7