Egyptian President Abdel Fattah El-Sissi announced the country will raise monthly wages for residents to around $172 as the country continues to grapple with financial issues, The Associated Press reported. In a statement on Tuesday, El-Sissi said the minimum monthly wage will be 2,700 Egyptian pounds ($171.5), which is a 12.5 percent increase from the current 2,400 Egyptian pounds ($152.5). The government is also raising the salaries of civil servants by 13 percent increase and announced educators' salaries will be increased as well, according to the AP. The AP reported this is the third time that El-Sissi has raised the minimum wage since taking office in 2014. The past measures included floating the currency, substantial cuts in state subsidies for basic goods, and introducing new taxes.

Source: The North Africa Journal January 19, 2022 03:41 UTC