Egypt Targets Minimum Wage Hike to 15,000 Pounds by 2030

Egyptian PM Madbouly announced a plan to raise the minimum wage from 8,000 to 15,000 pounds by FY2029-30, a near-doubling in nominal terms. The announcement signals a policy direction but lacks details on funding or inflation adjustment, leaving implementation uncertain. This matters as it reflects fiscal and social policy priorities amid Egypt's economic challenges.

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