Business
On Cairo streets, many restaurants open with optimism and close with startling speed. New signs go up overnight, and months later, the lights go off, replaced by another concept, another promise. In Egypt, the restaurant scene is diverse, crowded, and risky. Globally, restaurants are fragile enterprises. Roughly 17 percent of restaurants close worldwide within their first year, and about 80 percent shutter within five. In Egypt, the churn is harsher. Industry estimates suggest that as many as 60 percent of…
