Finance Minister Ahmed Kouchouk said that Egypt will begin paying the salaries of public sector employees on July 20 Announce On Thursday, July 2, the budget for the new fiscal year 2026/27 raises the minimum monthly wage for state employees to 8,000 Egyptian pounds (162.8 billion US dollars) and pushes government spending on wages to … Read more
Civil court in Cairo commander Today, Wednesday, June 24, Uber Egypt decided to pay 10 million Egyptian pounds (201,490 US dollars) in compensation to the family of Habiba Al-Shamaa, who died after jumping from a moving Uber car in February 2024 for fear of being kidnapped. The hanger Sustainable He was seriously injured and died … Read more
Egypt allocated 35 billion Egyptian pounds (666 million US dollars) in public investments to the governorates of North Sinai and South Sinai during the fiscal year 2025/26 and the fiscal year 2026/27, Minister of Planning and Economic Development Ahmed Rostom He said In a statement, the move is framed as part of the state’s ongoing … Read more
Egypt reduced energy subsidy allocations to about 120 billion pounds ($2.28 billion) in the draft budget for the 2026/2027 fiscal year, down from about 150 billion pounds ($2.85 billion) in the current fiscal year. According to According to the Ministry of Finance statement on Saturday, April 11. The approximately 20 percent reduction comes as part … Read more
Prime Minister Mostafa Madbouly announced on Wednesday, April 1, 2026, that Egypt will do so He increases The monthly minimum wage increased to 8,000 Egyptian pounds (US$147.25) per month as of July. Madbouly He said The decision includes an increase of 1,000 pounds, and forms part of the measures that will be reflected in the … Read more
Egyptian pound Weakened The US dollar continued its movements on Tuesday, March 31, as the US dollar continued to move near the 55 Egyptian pound level in parts of the banking system, with regional tensions and broader pressures on trade supply chains weighing on market sentiment. Data Assembled Data from several banks showed at the … Read more