The National Agency Council in Egypt approved the raising of the minimum workers in the private sector to 7000 pounds (140 dollars) compared to 6000 pounds (120 dollars), to be applied starting from the first of next March.
The Council decided to value the periodic allowance for workers in the private sector, with a minimum of 3% of the insurance subscription wages, and at least 250 pounds ($ 5) per month.
The council, which was headed by the Minister of Planning, Economic Development and International Cooperation Rania Al -Mashat, put a minimum reward for temporary work (part of time), so that at least 28 pounds ($ 0.56) net per hour.
In its membership, the Council includes a number of ministers, along with representatives of trade unions and chambers of commerce.
The minimum wage in Egypt has been included since its approval in January 2022 from 2,400 pounds to 6000 in March 2024.
In response to developments
According to Al -Mashat, the procedure comes within the framework of responding to the current economic developments, in order to enhance economic and social stability in Egypt.
The minister said that this is consistent with international standards, as the International Labor Organization emphasizes the need to review the minimum wage on a periodic basis, to protect the purchasing power of families, and to absorb the gradual economic changes.
The minimum wage is a world -recognized tool to protect low -income workers.
According to Al -Mashat, the private sector investments developed in the first quarter of the current fiscal year to acquire 63% of the total investments, and the positive momentum continued to be reflected in the Procurement Manager Index for January 2025, which achieved the best performance in 4 years and recorded 50 points exceeding the neutral area .
Egyptian Prime Minister Mustafa Madbouly said, last week, that his government will launch a social package before the coming month of Ramadan, in addition to exceptional procedures in the holy month and Eid Al -Fitr.
Inflation in Egypt fell to 23.4% during last December, compared to 25% in November 2024.
