Egypt’s leader hikes minimum wage by 67 percent
CAIRO — Egypt’s President Abdel Fattah el-Sissi on Saturday announced that he has raised the minimum wage to 2,000 Egyptian pounds ($115.74) per month from 1,200 ($69.27), a 67 percent increase.
The move came ahead of a possible national referendum on constitutional amendments that would potentially allow him to remain in power until 2034.
Egypt’s Parliament approved constitutional changes last month that would further enshrine the military’s role in politics.
El-Sissi said in televised comments the raise will be applied to all Egyptian workers. The move was part of a package of measures, including a raise in pensions and bonuses, intended to ease the burdens of Egyptians hurt by painful austerity measures in recent years.
Egypt’s Finance Ministry said the increase would kick in in July.