{"id":575669,"date":"2020-10-22T04:18:06","date_gmt":"2020-10-22T04:18:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/higher-teacher-wages-one-more-month-of-consumer-discounts-eastmed-gas-forum-charter-get-nods-from-cabinet\/"},"modified":"2020-10-22T04:18:06","modified_gmt":"2020-10-22T04:18:06","slug":"higher-teacher-wages-one-more-month-of-consumer-discounts-eastmed-gas-forum-charter-get-nods-from-cabinet","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/higher-teacher-wages-one-more-month-of-consumer-discounts-eastmed-gas-forum-charter-get-nods-from-cabinet\/","title":{"rendered":"Higher teacher wages, one more month of consumer discounts, EastMed Gas forum charter get nods from cabinet"},"content":{"rendered":"

<\/a> CABINET WATCH-<\/strong> Teachers at public schools could be getting a EGP 325-475 monthly <\/strong>bump in their salaries<\/strong> if a draft law that will cost the state coffers north of EGP 6.1 bn passes the House of Representatives. Public school administrators, meanwhile, will see their monthly wages rise by EGP 150-250 under the proposed law. The Madbouly Cabinet approved the plan<\/a>, which President Abdel Fattah El Sisi ordered back in 2017<\/a>, during its weekly meeting yesterday. The plan would benefit nearly 2.1 mn government employees, 1.4 mn of whom are teachers, across both general and Azharite schools, and 700k public school employees.<\/p>\n

Besides the increase in monthly wages, school employees would get additional allowances<\/strong>, incentives and bonuses, Finance Minister Mohamed Maait said. As many as 1.4 mn teachers would get a 50% bump in their monthly incentives (up by EGP 140-185 a month) from June 2020 levels, he added. Teachers would also be getting a 50% bump in allowances they frequently receive on top of their usual salaries, and both staff and faculty members would get a 25% increase on some bonuses, according to Maait. This would cost at least EGP 4.3 bn.<\/p>\n

The bill would also set up a social welfare fund for staff and faculty. <\/strong>The fund would receive EGP 500 mn over two equal payments, one as soon as the bill becomes law and another next fiscal year, Maait said. It would then accumulate capital through a 2% levy on the increase in staff allowances under the law and other recurring sources including license fees paid by schools educators, returns on fund investments, donations, and further state grants, all of which would be funneled into the fund, the minister added.<\/p>\n

More raises are in the pipeline for health and education workers and others in vital sectors<\/strong>, Prime Minister Moustafa Madbouly said, according to Ahram Gate<\/a>.<\/p>\n

IN OTHER CABINET NEWS: <\/strong>We\u2019re also getting at least one more month of consumer discounts<\/strong> after Cabinet agreed to extend the government\u2019s consumer spending initiative<\/a>, which was meant to end next Monday<\/a>, for at least an additional month, cabinet said in a statement<\/a>. As of last week, north of 2000 vendors were signed up to the scheme. They logged EGP 278 mn-worth of sales under the program, according to the statement. The initiative was aiming to stimulate EGP 125 bn-worth of consumer spending.<\/p>\n

Cabinet also signed off on the <\/strong>EastMed Gas Forum charter<\/a><\/strong>, which officially established Cairo as the headquarters of the organization when it was signed by the forum\u2019s seven founding members in September. The EastMed Gas Forum will serve as a platform for natgas producers, consumers, and transit countries in the region, allowing for the creation of shared energy policies to develop the Mediterranean\u2019s estimated 122 tn cubic feet of gas reserves. The forum\u2019s other members are Greece, Cyprus, Italy, Israel, Jordan, and Palestine.<\/p>\n

Over 2.8k companies have been paid by the Export Subsidy Fund<\/strong> as part of ongoing efforts to pay out at least 30% of the arrears the fund owes<\/a> to exporters by the end of the year. Plans to pay out EGP 500 mn, a portion of the bns owed in overdue subsidies under an old framework, have been underway for over a year<\/a>. Exporters are eligible to receive up to 40% in cash, and the rest in tax or customs write-offs or discounted land.<\/p>\n","protected":false},"excerpt":{"rendered":"

CABINET WATCH- Teachers at public schools could be getting a EGP 325-475 monthly bump in their salaries if a draft law that will cost the state coffers north of EGP 6.1 bn passes the House of Representatives. Public school administrators, meanwhile, will see their monthly wages rise by EGP 150-250 under the proposed law. The […]<\/p>\n","protected":false},"author":1,"featured_media":575670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1953,72,332,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-eastern-mediterranean-gas-forum","tag-enterpriseam","tag-export-subsidy-fund","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d6d60eff-09c2-4ecb-9233-b9e9ec78484d","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/10\/238.jpg","photo_position":"above","related_issue":[575664],"teaser":"","voice_url":""},"yoast_head":"\nHigher teacher wages, one more month of consumer discounts, EastMed Gas forum charter get nods from cabinet - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/higher-teacher-wages-one-more-month-of-consumer-discounts-eastmed-gas-forum-charter-get-nods-from-cabinet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Higher teacher wages, one more month of consumer discounts, EastMed Gas forum charter get nods from cabinet\" \/>\n<meta property=\"og:description\" content=\"CABINET WATCH- Teachers at public schools could be getting a EGP 325-475 monthly bump in their salaries if a draft law that will cost the state coffers north of EGP 6.1 bn passes the House of Representatives. 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The bills are now with the House of Representatives to be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/774.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":641151,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/13\/private-sector-wages-rose-12-8-in-2016-capmas\/","url_meta":{"origin":575669,"position":1},"title":"Private sector wages rose 12.8% in 2016 \u2013CAPMAS","author":"enterpriseam admin","date":"13 September 2017","format":false,"excerpt":"Private sector wages increased 12.8%, with the average reaching EGP 2,680 per month in 2016, up from EGP 2,376 the previous year ago, according to CAPMAS statistics cited by Al Shorouk. Average salaries in the public sector rose 8.5% y-o-y in 2016 to EGP 4,600 per month, up from EGP\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":614849,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/08\/el-sisi-announces-egp-180-bn-package-of-wage-hikes-pension-increases-and-tax-breaks\/","url_meta":{"origin":575669,"position":2},"title":"El Sisi announces EGP 180 bn package of wage hikes, pension increases, and tax breaks","author":"enterpriseam admin","date":"8 February 2024","format":false,"excerpt":"The measures include a minimum wage hike for the public sector and a new income tax cut","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/661.JPG?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575769,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/26\/your-top-education-stories-of-the-week-29\/","url_meta":{"origin":575669,"position":3},"title":"Your top education stories of the week","author":"enterpriseam admin","date":"26 October 2020","format":false,"excerpt":"Your top education stories of the week: Higher teacher wages: Teachers at public schools are expecting a EGP 325-475 monthly bump in their salaries after a draft law that will cost the state coffers north of EGP 6.1 bn was approved by cabinet last week.No covid-19 at schools: No new\u2026","rel":"","context":"In \"covid-19\"","block_context":{"text":"covid-19","link":"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598832,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/10\/civil-service-pension-increases-given-preliminary-approval-by-egyptian-parliament\/","url_meta":{"origin":575669,"position":4},"title":"Civil service pension increases given preliminary approval by Egyptian parliament","author":"enterpriseam admin","date":"10 June 2019","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod pension hikes for civil servants: The House of Representatives approved \u201cin principle\u201d a draft law that would see minimum monthly pensions for civil servants rise to EGP 900 and payouts by 15%, Youm7 reports. The increases are expected to take effect on 1 July.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582238,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/05\/el-sisi-announces-egp-150-bn-program-of-wage-hikes-pension-increases-amid-soaring-inflation\/","url_meta":{"origin":575669,"position":5},"title":"El Sisi announces EGP 150 bn program of wage hikes, pension increases amid soaring inflation","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"The measures include wage increases and a higher minimum wage for civil servants","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=575669"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575669\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/575670"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575669"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575669"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}