The 12.5% hike to the minimum wage announced on Tuesday continued to dominate the airwaves on a quiet night last night. The monthly minimum wage paid to public sector workers will rise to EGP 2.7k from July on the instruction of President Abdel Fattah El Sisi, who also directed that 30k new teachers be hired annually for the next five years.
The minimum wage hike will cost the state treasury around EGP 45 bn, Finance Minister Mohamed Maait said in yesterday’s Cabinet meeting. Masaa DMC (watch, runtime: 1:29) and Al Hayah Al Youm (watch, runtime: 6:16 | 3:33) had coverage.