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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Egypt’s PM Announces $15 Increase in Minimum Monthly Wage

Egypt United States Ukraine Covid-19 Pandemic Minimum Wage Russia
This picture taken on October 25, 2022 shows a view of the southern part of the Nile island of Zamalek in the center of Egypt's capital Cairo, with its landmark Cairo Opera House (C) and Cairo Tower (R). (AFP)

Egypt’s prime minister on Wednesday announced a 300-pound ($15.20) increase in the minimum monthly wage, as average Egyptians suffer from soaring prices in recent months.

In a news conference, Prime Minister Mustafa Madbouly announced the increase to 3,000 Egyptian pounds (over $152), up from 2,700 pounds ($137).

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