Egypt Sets Private Sector Minimum Wage at EGP 2,400 Per Month ...Egypt

Egypt’s Minister of Planning and Economic Development Hala El-Said. Source: Business Today Egypt The National Wage Council (NWC) announced on Monday 28 June the raising of the minimum wage of private-sector employees from EGP 2,000 to EGP 2,400 per month effective January 2022. NWC also added in its announcement that a periodic bonus would be handed to workers for the fiscal year of 2021/2022 at a value of three percent of the worker’s insurance. This is expected to be a minimum of EGP 60 and is also equivalent to seven percent of the basic wage according to the Labor Law No. 12 of 2003. Hala El-Said, the Minister of Planning and Economic Development, stated that the decision to raise the

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