Egypt: Increase of minimum wage in public service to address rising cost of living

Egypt has increased the minimum wage in the public sector from 2,000 Egyptian pound ($101.3) to 3,000 in a move to help workers surf the increase in the cost of living, reports say. Prime Minister Mostafa Madbouly who announced the decision said the government will pay an exceptional bonus of EGP 300 for employees in […]

Egyptian manufacturer to build 1,965 MW plants in UAE

The Egyptian El Sewedy Electric Co. SAE, through its subsidiary Elsewedy Power, has been awarded the construction of two power projects with a combined capacity of 1,965 MW in the United Arab Emirates. The implementation of these projects will be done in collaboration with other world-class energy entities such as Siemens, according to Ecofin News […]

IFC supports Morocco’s women business leaders & capital market transparency

The International Finance Corporation has pledged to help Moroccan women reach more leadership positions in the business world under an agreement inked Friday in Casablanca with Club des Femmes Administrateurs (CFA). IFC will train members of CFA on a range of topics relating to corporate governance, as well as conduct outreach activities to strengthen the […]