Pensions

Sweden, Canada, and Mexico celebrate Egyptian Women's Day by honoring 9 Egypt’s female pioneers & Minister of Environment

Mon, 21 Mar 2022 - 09:58 GMT

H.E. Dr. Yasmine Fouad, Minister of Environment, stressed the role those Egyptian women play in supporting environmental work, especially at the international level.

President Sisi approves 13% increase in pensions: Egypt’s PM

Mon, 21 Mar 2022 - 09:15 GMT

The increase would be applied next April rather than July, at an additional cost of LE 8 billion.

16M Egyptian families benefit from ‘unprecedented’ wages, pensions raise ordered by Sisi: Ayman Al-Gamil

Wed, 17 Mar 2021 - 10:20 GMT

Renowned businessman Ayman Al-Gamil said President Abdel Fattah El-Sisi’s recent decision to raise salaries and pensions represents an unprecedented leap and benefits around 16 million families.

Egypt’s president orders raising minimum wage to LE 2,400, raising pensions by 13%

Mon, 15 Mar 2021 - 05:24 GMT

The wage increases for the employees working at the administrative body of the state will cost the state around LE 37 billion in total and the pensions increase will cost the state around LE 31 billion, a presidential statement read.

Egypt pays LE 260B into pension fund within 19 months

Mon, 01 Feb 2021 - 03:42 GMT

He added that on the 30th of next June, Egypt will have paid LE 360 billion.

Egypt increases wages, pensions by LE 100B in 20/21: Prime Minister

Thu, 07 May 2020 - 02:36 GMT

Madbouli added that the state was keen to alleviate the burden off the Egyptian citizen during the coronavirus crisis.

Egypt one of best int'l markets in bond investment return: Min.

Thu, 05 Sep 2019 - 09:36 GMT

The minister noted that the government adopted an international strategy to achieve a lower debt ratio, primary surplus of 2 percent and high growth rates.

Cabinet denies depriving divorced woman from her father's pension

Thu, 29 Aug 2019 - 12:39 GMT

In a report, the center dismissed the reports as groundless, saying it contacted the ministry that stressed that it continues to honor its obligations towards all pensioners.

Parl't approves draft bill increasing pensions by 15%

Mon, 10 Jun 2019 - 11:27 GMT

The government is currently working to develop a plan to manage pensions in an economic way, Abd Aal said.

Parliament approves reduction of ministers’ pensions

Wed, 18 Jul 2018 - 12:20 GMT

Egypt’s Parliament approved on Tuesday a draft law that reduces pensions of ministers and governors by more than 50 percent to rationalize government expenditure.

Parliament finally Ok’s 15% increase of pensions

Mon, 04 Jun 2018 - 06:17 GMT

The 15- percent increase came to cope with high prices since the state’s currency has been floated against the U.S. dollar with a 50 percent of devaluation in 2016.

MP calls for admitting 'housekeeper' as job title in IDs

Tue, 16 Jan 2018 - 01:19 GMT

These women currently do not have a job title in their national IDs.

Celebrating Christmas; pensions to issued Jan 1: Wali

Fri, 22 Dec 2017 - 01:02 GMT

A central operating room is announced to be established to monitor the disbursement of pensions to 2-million beneficiaries on January 1 instead of January 10.

Parliament considers cash subsidies instead of in-kind ones

Sat, 01 Jul 2017 - 12:24 GMT

Head of Planning and Budget Committee says subsidies’ beneficiaries can be divided into tranches; high, medium and low.

Latest social measures to cost LE75B: Minister

Wed, 21 Jun 2017 - 01:04 GMT

The latest economic decisions taken by President Abdel Fatah al-Sisi will cost the government a total of LE 75 billion ($4.1 billion).

Sisi announces 7 decisions to boost social safety network

Tue, 20 Jun 2017 - 08:38 GMT

President Abdel Fatah al-Sisi announced a number of decisions Tuesday that aimed to protect the poor and vulnerable people from economic reform impact.

Extra LE 21.3B allocated to pensions in new budget

Tue, 20 Jun 2017 - 09:28 GMT

The Egyptian state is taking several measures to soften the impact of SAP procedures assumed recently.

Cabinet approves LE 45M allocations of social security programs

Mon, 29 May 2017 - 12:08 GMT

The Egyptian cabinet approved a new social solidarity package with a total value of LE 43 billion ($2.4 billion) in FY2017/18, Amr el-Garhy said Monday.

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