Supporters and opponents of Egyptian President Mohamed Morsi continue to gather in Cairo today. Protests began on Sunday, which in Egypt is a workday, resulting in a virtual shutdown of many local businesses for the third straight business day.
Kimberly Adams, a freelance journalist based in Cairo, reported the disruption is affecting everyday activities like going to the bank and shopping.
Adams said because of the current instability, many Egyptians are eagerly awaiting for the military to take over.
“People here are protest-weary,” said Adams. “A lot of people are just tired of it. They’re tired of their food prices going up, they’re tired of waiting in long lines for gasoline, and they’re tired of not knowing what’s coming the next day. That’s one of the reasons why all these businesses are shut down.”
But even though some businesses are struggling, Adams said there’s a “protest industry” that’s seeing some positive effects. Street vendors selling food, water bottles, and “V for Vendetta” masks are doing quite well right now.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.