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#egypt inflation

The private-sector minimum wage will rise from EGP 3,000 (USD 97.3) to 3,500 EGP (USD 113.5) by January 2024, according to a social media announcement by the Egyptian Cabinet on 27 October. The wage hike also includes an additional periodic allowance of EGP 200 (USD 6.49). The decision to raise the minimum wage by 17 percent was taken during a National Wages Council (NWC) meeting, chaired by Egypt’s Minister of Planning and Economic Development, Hala Elsaid. This is the third…