Latest news with #TaarekRefaatEgypt
See - Sada Elbalad
5 days ago
- Politics
- See - Sada Elbalad
Egypt's "National Alliance" Reaffirms Readiness to Resume Gaza Aid Convoys
Taarek Refaat Egypt's National Alliance for Civil Development Work announced on Friday that its member organizations are fully prepared to resume humanitarian convoys to the Gaza Strip as soon as border crossings reopen, reaffirming their long-standing commitment to supporting Palestinians amid ongoing humanitarian hardship. In an official statement, the Alliance highlighted its unwavering support for Gaza since the onset of the Israeli assault on October 7, 2023. Since then, the Alliance has played a central role in organizing Egypt's civil society response, launching multiple large-scale convoys loaded with food, medical supplies, and shelter materials. 'From the very first day, our institutions stood in solidarity with the people of Gaza,' the Alliance stated. 'The convoys reflected the deep-rooted bond between the Egyptian and Palestinian peoples.' According to the Alliance, it has spearheaded one of the largest humanitarian operations conducted by Egyptian civil society, dispatching ten major convoys comprising 3,127 trucks and delivering over 63,000 tons of aid to the besieged enclave. The initial convoy alone, launched shortly after the outbreak of violence in October 2023, included 108 trailers packed with urgent humanitarian relief. Daily efforts have since continued with an average of 50 trucks per day transporting food, medicine, and emergency supplies to civilians in dire need. The Alliance credited its operational success to the collective efforts of its member institutions and close coordination with the Egyptian Red Crescent, which plays a vital role in facilitating the delivery of aid through Egypt's Rafah crossing into Gaza. Looking ahead, the National Alliance pledged to continue mobilizing resources and expanding relief efforts, emphasizing its readiness to act the moment access is restored. 'We are committed to sustaining our response,' the statement read. 'Every effort will be made to ensure aid reaches those who need it most, as swiftly and efficiently as possible.' The Gaza Strip remains under severe humanitarian strain, with infrastructure decimated and access to basic services critically limited. Aid organizations have warned that any prolonged disruption in relief delivery could worsen already catastrophic conditions. Egypt's civil society response, led by the Alliance, is widely seen as a vital lifeline for the more than two million residents of the blockaded territory. With border access still restricted, the resumption of aid convoys remains contingent on political and logistical developments in the coming days. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks
See - Sada Elbalad
27-04-2025
- Business
- See - Sada Elbalad
Egypt's Unemployment Rate Drops to 6.6%
Taarek Refaat Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced Saturday the results of its annual labor force bulletin for 2024, which showed a decline in the annual unemployment rate to 6.6%, compared to 7% in 2023, a decrease of 0.4%. This decline reflects an improvement in Egyptian labor market indicators despite growing economic challenges. The data showed that the unemployment rate among youth aged 15 to 29 years recorded 14.9 percent of the total labor force within the same age group, a decrease of 1% compared to the previous year. While the rate among males decreased to 9.8 percent, unemployment among females remained high at 37.1%. The 15-19 age group recorded an unemployment rate of 12.2%, compared to 12.4% in 2023. The 20-24 age group recorded 19.1%, compared to 20% the previous year. The 25-29 age group recorded a decrease in unemployment to 12.2%, compared to 14% in 2023. As for those with intermediate and higher education qualifications, as well as university degrees and higher, the unemployment rate in the same age group (15-29 years) recorded 18.7% in 2024, compared to 20.3% in 2023, with a clear disparity between males and females. The rate among males decreased to 12.2%, compared to 13.3% the previous year, while among females it reached 40.8%, compared to 45.3% in 2023, reflecting the continuing gender gap in the labor market. Egypt's labor force will reach approximately 32.041 million in 2024, compared to 31.149 million in 2023, an increase of 2.9%. This number is distributed among 26.080 million males and 5.961 million females. The data also showed that the urban labor force reached 14.078 million individuals, while the rural population recorded 17.963 million individuals. Regarding the number of unemployed, 2.113 million were unemployed in 2024, compared to 2.190 million in 2023, a decrease of 77,000 individuals, or 3.5 percent. The urban unemployment rate decreased to 9.6 percent, compared to 9.9 percent in 2023, and to 4.2 percent in rural areas, compared to 4.8 percent the previous year. Unemployment rates varied between males and females, with the rate among urban males reaching 6.3% and among rural males reaching 2.6%. Meanwhile, among urban females, it recorded 21.8%, compared to 12.4% among rural females. This difference is attributed to women's participation in agricultural activities in rural areas. The data also showed that the percentage of previously employed unemployed individuals decreased to 42.3% of the total unemployed, compared to 45.3% in 2023. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
See - Sada Elbalad
27-02-2025
- Business
- See - Sada Elbalad
Egypt Announces Details of New Social Package
Taarek Refaat Egypt's Finance Minister Ahmed Kouchouk said the government will begin implementing a new social package starting from the beginning of Ramadan until the end of June. The minister added, during a press conference at the Cabinet on Wednesday that the package includes grants for holders of ration cards with one person of an additional 125 pounds, grants for families with two children of 250 pounds, and grants of 300 pounds for each family benefiting from the "Takaful and Karama" program, with this support to be repeated in the following month as well. The minister indicated that the "Takaful and Karama" pension will be increased by 25% starting in April. The Minister of Finance stated that the minimum wage for state employees will be raised to 7,000 pounds starting in July, with the cost of living allowance for all state employees being raised to 1,000 pounds. He explained that the periodic bonus will be applied at a rate of 10% with a minimum of EGP 150 for those subject to the Civil Service Law, and a bonus of 15% will be applied for those not subject to the Civil Service Law with a minimum of EGP 150 starting in July, explaining that the cost of increasing wages will reach EGP 85 billion in the next fiscal year. The Egyptian government also decided to increase pensions by a minimum of 15% starting next July, according to the Minister of Finance. the minister said that the price of supplying local wheat will be raised to EGP 2,200 with additional funding of EGP 6 billion, noting that a fund worth EGP 10 billion will be established for the economic empowerment of youth. The Minister of Finance revealed that the value of the exceptional social protection package that begins in the month of Ramadan ranges between EGP 35 billion and EGP 40 billion, while the cost of the social package that will be applied starting next fiscal year will reach EGP 200 billion.
