Egypt hikes electricity rates amid Gulf-linked energy crisis

Egypt has announced a significant hike in electricity prices for high-usage households and businesses, effective from April. The electricity ministry cited a deepening global energy crisis, which it attributes to the ongoing conflict in the Gulf region, as the driver for the increase. This move underscores the far-reaching ripple effects of regional instability, as nations scramble to manage skyrocketing energy costs. Egypt, already grappling with economic challenges, now faces the daunting task