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Egypt's middle class gets creative to cope with economic crunch

As Egypt's economy suffers and inflation soars, middle class citizens are turning to Airbnb, Uber and other nontraditional means of earning extra income.
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“A year ago, I never would have envisioned myself sharing my home with a complete stranger, but desperate situations demand desperate measures,” Sherine Moustafa, a 45-year-old hotel sales executive and divorcee, told Al-Monitor.

Struggling to cope with the soaring prices of goods and services prompted by the November 2016 flotation of the Egyptian pound and successive cuts in fuel subsidies, Sherine has had to look for new and innovative ways to boost her income. Since April, she has been renting out her spare bedroom through the holiday rental website Airbnb.

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