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Egypt Today
14-05-2025
- Business
- Egypt Today
Egypt's new labor law regulates training, links education to the labor market.
Labor Law - file CAIRO - 14 May 2025: Egypt's new Labor Law includes a comprehensive chapter regulating training, qualification, and employment, where it covers trainees, persons with disabilities, and apprenticeship workers. It also establishes controls for the operating mechanisms of training centers and the licensing of trainers. The legislation also ensures that education is linked to the labor market through a Higher Council for Skills Development and an independent fund, within the framework of the state's plan to develop human resources and achieve occupational justice. Article 15 of the law stipulates that the provisions of this chapter apply to all training centers subject to the provisions of the law, as well as to those seeking training, persons with disabilities and dwarfs, vulnerable groups, trainees, those seeking higher or continuing qualification, and apprenticeship workers. Article 20 stipulates that the Training and Qualification Fund shall operate at the national level, in line with the needs of sectoral employer organizations established by law. It shall be responsible for providing the following services: 1. Financing human resource skills development and vocational and technical training through the establishment and development of training centers, the preparation and implementation of training programs, and the necessary skill and competency guides. 2- Financing development projects that target human resource skills development, linking education and training outcomes to current and future labor market needs, and coordinating with sectoral skills councils. 3- Establishing the terms and conditions for regulating funding operations. 4- Monitoring and evaluating the implementation of all funded projects. The Prime Minister shall issue a decision to form the Fund's Board of Directors, chaired by the relevant minister and including representatives of trade union and employer organizations, equally, and representatives of relevant ministries and authorities. The decision shall also specify the Fund's other powers, its operating system, and the financial treatment of the Chairman and members of the Board of Directors, provided that they are derived from the Fund's own resources. The Fund's branches in the governorates, its bylaws, its resource collection system, and the accounting system to be followed. The Fund's Board of Directors may use private law means to achieve its objectives and exercise its powers. Article 21 specifies the fund's resources, including 0.25% of the minimum insurance wage for workers in establishments with 30 or more workers, with a minimum of EGP 10 and a maximum of EGP 30 per worker, borne by the establishment annually. Resources also include accepted donations and returns on investment of the fund's funds. The fund will have an independent account and will be subject to oversight by the Central Auditing Organization.
Daily News Egypt
11-05-2025
- Business
- Daily News Egypt
Egyptian PM reviews public investment governance committee work
Egyptian Prime Minister Mostafa Madbouly chaired a meeting on Sunday evening at the government headquarters in the New Administrative Capital to review the work of the committee responsible for governing state public investments. The meeting was attended by Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation; Ahmed Kouchouk, Minister of Finance; Counsellor Mohamed El-Faisal, Head of the Central Auditing Organization; and officials from relevant ministries and entities. Madbouly began by noting the continued commitment of government entities to the specified financial ceiling for total state public investments, set at EGP 1trn for the current fiscal year 2024-2025, in accordance with Prime Minister's Decree No. 739 of 2024. The Prime Minister explained that the meeting aimed to follow up on the status of public investments implemented by public companies during the first half of the 2024-2025 fiscal year. This is in line with Article Six of the aforementioned decree, which mandates all state entities – including economic authorities, public business sector companies, and companies fully owned by the state or in which the state holds more than 50% of their capital – to prepare a semi-annual report. This report must detail the volume and execution rates compared to targets for each period and be presented to the Committee for the Governance of Total State Public Investments. During the meeting, a review of the most prominent entities implementing public investments during the first half of the 2024-2025 fiscal year was presented.
Egypt Independent
22-04-2025
- Business
- Egypt Independent
A Government without accountability
Prime Minister Mostafa Madbouly thanked the Speaker of Parliament for the wise management of the state's final accounts sessions. An executive official commends the performance of the legislative authority that oversees it. The government's gratitude can be explained only by the fact that the scope for discussion regarding the budget was insufficient, given the frighteningly negative figures that will determine our path in the near future. They suppressed dissenting opinions after members of parliament called for closing the debate amidst heated arguments about the soaring public debt and the serious observations made by the Central Auditing Organization regarding the government's overall performance – particularly concerning loans. The Speaker of Parliament yielded to their request, leading to a vote by everyone to halt the discussion, followed by the usual vote to pass it. This parliamentary practice is just another piece of 'democratic window dressing' for passing laws and policies – a bitter medicine for the Egyptian people in a parliament that is supposed to represent them and be on their side, not against them. This parliamentary scene should have been one where we heard in detail the observations of the oversight body, the Central Auditing Organization, followed by engagement from the representatives, responses from the government, all broadcast live for the people to see. Sadly, even just having a proper debate within the People's Assembly has become our ultimate demand in the people's parliament! The assembly needed to listen more intently to the concerns raised by some members. How, for example, can a government fail to manage grants and loans for certain projects, according to the Central Auditing Organization's notes? Aren't these loans and grants ultimately paid for by the people through their daily struggles, whether in fuel price hikes or the high cost of living? How can a government neglect its responsibilities and not be held accountable, borrow without accountability, and fail without accountability?! There's a fundamental problem with hearing alternative voices when discussing the people's affairs. The parliamentary practice, as it stands, remains untouched by the negative impact of changing circumstances and unaffected by any semblance of wisdom. This isn't just an issue for the parliament alone, but for all parties involved in the political landscape of Egypt. The one positive aspect of this parliament is the disappearance of the farcical scenes from our last one. However, things have largely remained the same: suppression of dissenting opinions and an imbalance in the relationship between the executive and legislative branches! So long as our parliaments function like this, governments will continue to operate without accountability in a situation entrenched for decades. What's needed is to build a new experience, perhaps allowing us to achieve the bare minimum of political practice. Here, I'm not invoking models from around the world, but rather calling for political common sense, even just once, after years of wandering! Political common sense is the path to the beginning of reason, a step towards genuine construction, free from puppets, manufactured parties, or summoning herds of 'parliamentary approvals.' One where the people are not mere spectators, but actively involved, not summoned by handouts or microphones of patronage! After all these years, reality is pushing some to lament the parliaments of Mubarak's era. Having a parliament that is truly in control of its own decisions has become a dream for some, as there were at least spaces for other voices back then! As long as this is Egypt's parliament, we will continue to see governments present accounts without any real accountability, and we will see the Prime Minister praising the 'wise management' of the sessions. Author's biography: Alaa Al-Ghadrify has been the Editor-in-Chief of Al Masry Al Youm newspaper since October 2023, and the Executive Editor-in-Chief at ONA Media Group since 2016. He is also an opinion writer in the Al-Watan newspaper and the Masrawy website, and an advisor at the Egypt Media Forum. He further serves as a lecturer in television journalism and in-depth journalism for postgraduate studies at the Faculty of Mass Communication at Cairo University. He worked as Editor-in-Chief of CBC Extra channel, which he founded, as former Managing-Editor of Al Watan newspaper, and former Executive Editor-in-Chief of its website. He also co-founded the Al Masry Al Youm newspaper, the Al Watan newspaper, and the Al Ashera Masaan program on Dream TV channel, and was the Head of Program Editing at Alhurra channel.
