Latest news with #LabourLawNo.12
Al-Ahram Weekly
01-06-2025
- Politics
- Al-Ahram Weekly
Egypt announces five-day paid holiday for private sector on occasion of Eid Al-Adha - Society
Minister of Labour Mohamed Gobran announced on Sunday that private sector workers will receive paid leave for Eid al-Adha, from Thursday, 5 June, to Monday, 9 June, according to a statement issued by the ministry. This decision is part of the government's effort to unify official holiday dates across all sectors whenever possible to uphold the social and national significance of public holidays and celebrations. The ministry also issued a circular granting paid leave to workers covered under Labour Law No. 12 of 2003. It instructed heads of central departments and directors of labour directorates to circulate the decision at workplaces and ensure its enforcement. This circular aligns with Prime Ministerial Decree No. 1803 of 2025, which declared the same five-day period as official paid leave for employees in ministries, government offices, public authorities, local administration units, public sector companies, and state-owned enterprises. Examination schedules, where applicable, will continue as planned by the competent authorities, read the statement. On Thursday, Prime Minister Mostafa Madbouly announced the same five-day Eid holiday for public sector employees. Eid Al-Adha, also known as the Festival of Sacrifice, is one of the two most significant Islamic holidays, alongside Eid Al-Fitr. It celebrates Prophet Ibrahim's (Abraham's) readiness to sacrifice his son in obedience to God. The holiday also marks the start of Hajj, the yearly Islamic pilgrimage to Mecca in Saudi Arabia. Hajj is one of the five pillars of Islam and must be done at least once by Muslims who can afford it and are physically able to do it. Follow us on: Facebook Instagram Whatsapp Short link:
Zawya
10-02-2025
- Business
- Zawya
Egypt raises minimum wage for private sector
Egypt's private sector minimum wage will rise to EGP 7,000 from EGP 6,000, effective 1 March 2025. The National Wages Council also introduced a minimum EGP 250 periodic bonus and set the first-ever minimum hourly wage for part-time workers at EGP 28 net. The council made these decisions following President Abdel Fattah Al-Sisi's directives, taking into account economic conditions and their impact on the labour market. These changes aim to promote social justice and improve citizens' living standards, according to officials. Planning and Economic Development Minister Rania Al-Mashat chaired the National Wages Council meeting that addressed the private sector minimum wage. During the meeting, Al-Mashat reviewed recent economic indicators, highlighting positive growth in the last quarter of the 2023/2024 fiscal year and its continuation into the first quarter of 2024/2025. She noted the non-oil manufacturing sector's shift from contraction to growth, reflected in a rising industrial production index. Al-Mashat pointed to private sector investments comprising 63% of total investments in the first quarter of 2024/2025. She also mentioned the January 2025 Purchasing Managers' Index (PMI) reaching a four-year high of 50 points, exceeding the neutral zone. Al-Mashat said the minimum wage increase aims to address current economic changes, promoting economic and social stability. She added that this aligns with International Labour Organization (ILO) guidance on regular minimum wage reviews to protect purchasing power and accommodate economic shifts. Labour Minister Mohamed Gebran said the decision aligns with President Al-Sisi's directives on social protection and improving living standards. He noted the EGP 250 minimum periodic bonus will improve workers' income and ensure their rights amid economic changes. Gebran explained the Labour Ministry will issue guidance to directorates in all governorates outlining the decision's implementation and monitoring mechanisms, as per Labour Law No. 12 of 2003. Minimum wage is a tool used globally to protect low-income workers. The ILO's Global Wage Report 2020-2021 states that 90% of its member states have adopted a minimum wage. Egypt's private sector minimum wage has undergone several adjustments since its inception in January 2022. It started at EGP 2,400, rising to EGP 2,700 in January 2023, EGP 3,000 in July 2023, EGP 3,500 in January 2024, EGP 6,000 in May 2024, and now EGP 7,000 in March 2025, including the employer's social insurance contributions as defined in clause (c) of Article (1) of the Labour Law.
Daily News Egypt
10-02-2025
- Business
- Daily News Egypt
Egypt raises minimum wage for private sector EGP 7,000
Egypt's private sector minimum wage will rise to EGP 7,000 from EGP 6,000, effective 1 March 2025. The National Wages Council also introduced a minimum EGP 250 periodic bonus and set the first-ever minimum hourly wage for part-time workers at EGP 28 net. The council made these decisions following President Abdel Fattah Al-Sisi's directives, taking into account economic conditions and their impact on the labour market. These changes aim to promote social justice and improve citizens' living standards, according to officials. Planning and Economic Development Minister Rania Al-Mashat chaired the National Wages Council meeting that addressed the private sector minimum wage. During the meeting, Al-Mashat reviewed recent economic indicators, highlighting positive growth in the last quarter of the 2023/2024 fiscal year and its continuation into the first quarter of 2024/2025. She noted the non-oil manufacturing sector's shift from contraction to growth, reflected in a rising industrial production index. Al-Mashat pointed to private sector investments comprising 63% of total investments in the first quarter of 2024/2025. She also mentioned the January 2025 Purchasing Managers' Index (PMI) reaching a four-year high of 50 points, exceeding the neutral zone. Al-Mashat said the minimum wage increase aims to address current economic changes, promoting economic and social stability. She added that this aligns with International Labour Organization (ILO) guidance on regular minimum wage reviews to protect purchasing power and accommodate economic shifts. Labour Minister Mohamed Gebran said the decision aligns with President Al-Sisi's directives on social protection and improving living standards. He noted the EGP 250 minimum periodic bonus will improve workers' income and ensure their rights amid economic changes. Gebran explained the Labour Ministry will issue guidance to directorates in all governorates outlining the decision's implementation and monitoring mechanisms, as per Labour Law No. 12 of 2003. Minimum wage is a tool used globally to protect low-income workers. The ILO's Global Wage Report 2020-2021 states that 90% of its member states have adopted a minimum wage. Egypt's private sector minimum wage has undergone several adjustments since its inception in January 2022. It started at EGP 2,400, rising to EGP 2,700 in January 2023, EGP 3,000 in July 2023, EGP 3,500 in January 2024, EGP 6,000 in May 2024, and now EGP 7,000 in March 2025, including the employer's social insurance contributions as defined in clause (c) of Article (1) of the Labour Law.
