Egypt scraps decades-old rent caps, fuelling eviction fears

By Mariam Rizk and Mohamed Ezz

CAIRO (Reuters) -The rent on Khaddara Ibrahim Ali’s cramped apartment in downtown Cairo was just about the only expense she could count on staying stable as waves of soaring inflation and subsidy cuts ate away at her modest income.

Thanks to a decades-old rent cap, Ali, 84, pays just under 11 Egyptian pounds ($0.23) per month for the eighth-story home where she has lived for half a century, overlooking a patchwork of ageing buildings and narrow streets in the…