28-08-2015 10:19 via news.yahoo.com

Egypt's power choices appease public, squeeze industry

By Shadi Bushra CAIRO (Reuters) - Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing the public are dealing a blow to industries vital for economic growth. Research group Capital Economics estimates manufacturing output contracted by almost 30 percent year-on-year in June due to foreign exchange restrictions and gas shortages. "Factories have been beset by power outages and (economic) act
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