Egypt Raises Minimum Wages and Pensions Amid Economic Challenges ...Egypt

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  In an effort to address economic challenges, Egyptian President al-Sisi raised the minimum wage by 50 percent to EGP 6,000 (USD 194) starting March, part of a social protection package. The orders came from President al-Sisi, Prime Minister Mostafa Madbouly, and Minister of Finance Mohamed Maiit during a meeting on Wednesday, 7 February. During the meeting, discussions took place to stabilize the macroeconomic environment, lower inflation, and regulate market prices for goods and services. The most recent increase in the minimum salary for government workers was from EGP 3,500 to EGP 4,000 in September 2023. The Egyptian government also announced a massive EGP 180 billion (USD 5.83 billion

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