The Social Solidarity Ministry will send the Social Security and Pensions Act to the House of Representatives for review and approval at the beginning of June, an unidentified source tells Al Mal. The bill aims to amend the overall framework governing social welfare and pensions programs by guaranteeing the right to unemployment benefits and establish a new pension fund. Ministry spokesman Mohamed El Okabi had previously said the legislation is expected to come into effect by July.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
Egypt tenders 128-km transmission line to plug in El Dabaa
Plus: Gov’t mulls importing 30 more LNG cargoes in 4Q…
Blnk raises USD 37.1 mn to scale its consumer finance operations
The local fintech reached profitability last year and will use…