Egypt Independent

Minimum wage to be implemented in August

The new minimum wage will be implemented in August, Egypt's Finance Ministry said on Monday.

State employees who receive a monthly salary of less than LE400 will have it raised to LE700.

In a statement, the ministry denied news that the increase was postponed because it was not included in the state budget for the fiscal year 2011-2012.

Meanwhile, Prime Minister Essam Sharaf on Monday met with Finance Minister Hazem al-Beblawy to discuss several issues related to the payment of the new, raised salaries.

Meanwhile, Sharaf urged economic ministers to immediately work on controlling prices ahead of Ramadan.

Translated from the Arabic Edition