Menna Samir

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Basic minimum wage jumps from EGP 250 to EGP 870

The basic minimum wage for the public sector rose from EGP 246 to EGP 870, according to Tarek Elhasry, Director of the Administrative Reform Programme lead by the Ministry of Planning (MOP). A new civil services law adopted by the ministry was launched as a part of an administrative reform plan. The law was activated …

Menna Samir

 $500m loan provided by World Bank to support social housing project

Negotiations over a $500m loan from the World Bank have been finalised, according to Minister of Housing, Utilities and Urban Communities Mustafa Madbouly Saturday. The loan, which is to be repaid over a five-year period, is to support the 1m residential units’ project, also referred to as the “social housing project” that is backed by …

Menna Samir

Solar energy best investment in Egypt: HECSOLAR Chairman

The best investment opportunities in Egypt are in solar energy, Wang Weiting, Chairman of High Equal Circle Solar Technology Co. Ltd. (HECSOLAR) told Daily News Egypt Thursday Evening. Sending a message to President Abdel Fattah Al-Sisi and the Egyptian people, Weiting said on the sidelines of the Economic Summit in Sharm El-Shaikh, that he is …

Menna Samir