Soaring prices hurt Egypt’s Ramadan lantern sales but traders hopeful ...Saudi Arabia

CAIRO: Soaring prices have reportedly affected lantern sales in Egypt as Ramadan approaches, but traders are hopeful business will pick up and that buyers will return to the market. Faraj Al-Gamal, a lantern merchant in Cairo, said although prices had increased this year, there were still buyers seeking the product. “In the market now, lanterns are starting from EGP50 ($1.60), but some reach up to EGP3,000, depending on the type, size and design,” he told Arab News.

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