ArabFinance: Th Egyptian Cabinet has approved a number of resolutions regarding the monthly minimum wages for state employees as well as incentives and bonuses, according to an official statement.

These decisions are set to be applied as of July 1st, the statement added.

Under the new resolutions, the overall value of the monthly minimum wages across all segments will be raised by EGP 300, with the public-sector overall minimum wage reaching EGP 2,700.

The Cabinet also approved financial allocations for new hirings in the sectors of education and Healthcare.

Thereby, the Cabinet has allocated an annual sum of EGP 1.8 billion for hiring 30,000 new teachers as part of a five-year plan aiming at hiring a total of 150,000 new teachers.

Moreover, the Cabinet has agreed upon the allocation of EGP 1.8 billion for hiring 30,000 doctors and nurses.

Additionally, an amount of EGP 500 million has been dedicated for the promotion of employees who fulfill the promotion requirements by June 30th.

Copyright 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.