Emergency monetary subsidies reimbursed to workers at 197 tourism establishments in Egypt



Tue, 05 May 2020 - 11:39 GMT


Tue, 05 May 2020 - 11:39 GMT

Hurghada Beach – Reuters

Hurghada Beach – Reuters

CAIRO – 5 May 2020: The workers at 197 establishments operating in the tourism sector received the monetary subsidies offered by the government to mitigate the impact of COVID-19 and international aviation suspension.

The breakdown is 156 hotels, 34 travel agencies, four restaurants, and three diving centers, member of the Egyptian Federation for Tourism Chamber Wahid Assem told press Tuesday.

Assem added that payments will be reimbursed to workers at around 1,262 tourism establishments in the coming days as those working in bazaars have not received the emergency monetary assistance yet.

The businessman pointed out that the subsidies are provided by the Emergency Fund at the Ministry of Manpower. The sum is equivalent to the salary registered at the Social Insurance Authority, and is transferred to the bank accounts indicated in the applications submitted to the ministry. The minimum and maximum amounts are LE600 and LE1765, respectively.

The Central Bank of Egypt (CBE) is offering LE50 billion in loans to the tourism sector which is exempted from real estate tax for 3 months.

The measures - announced to support companies and businesses throughout the crisis - include real estate tax exemption for 3 months, paying the fees of tax statement reports over 3 installments until June 30, and removing holds on bank accounts of default investors if they pay 10% of the debt.

The Ministry of Social Solidarity announced that 100,000 families would join the monetary subsidies program Takaful & karama on April 15 as part of expanding the social safety network amid COVID-19 outbreak.

The families would receive the social allowance monthly starting mid-April. At present, the program covers around 2.4 million families. Twenty-seven percent of individual beneficiaries are disabled, 17.5 percent are female breadwinners, nine percent are elderly, and one percent is orphans.

The state has allocated LE100 billion to face the COVID-19 pandemic, including LE1 billion that was granted to the Ministry of Health and Population. Starting April 14, the state began paying 1.5 million irregular workers LE500 monthly as an emergency allowance.

President Abdel Fatah al-Sisi also instructed the Egyptian Armed Forces to distribute around 3-4 million staple boxes at subsidized prices and for free among certain social segments if needed.

Manpower min.: 2.5 million beneficiaries of President Sisi's grant for irregular workers

CAIRO - 27 April 2020: Manpower Minister Mohamed Saafan said that 2.5 million beneficiaries will receive President Abdel Fattah El Sisi's three-month grant for irregular workers. In an interview with MENA Board Chairman and Editor-in-Chief Ali Hassan on Monday, the minister said that the first stage of disbursing the presidential grant for seasonal workers was finalized from April 13 to April 16.



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