The Finance Ministry has denied it is going to disburse public sector salaries over two installments each month, Ahram Gate reported. Instead, government salaries will be paid between 25th and 28th of every month, with any extra compensation disbursed on the 10th, the Cabinet’s information and decision support center said.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…