{"id":577616,"date":"2022-11-29T03:54:47","date_gmt":"2022-11-29T03:54:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/"},"modified":"2022-11-29T03:54:47","modified_gmt":"2022-11-29T03:54:47","slug":"social-ins-contributions-and-payouts-to-rise-in-the-new-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/","title":{"rendered":"Social ins contributions and payouts to rise in the new year"},"content":{"rendered":"

Among the other stories we\u2019re paying attention to this morning:<\/strong><\/p>\n

ECONOMY-<\/strong><\/p>\n

Employees will pay more towards social ins. starting in January: <\/strong>The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as of 1 January 2023, up between 10-20% from last year, according to a statement from the National Social Ins. Authority<\/a>. The hike comes in line with a plan laid out in the 2019 Pension Act<\/a> to gradually increase national ins. contributions.<\/p>\n

Pensioners will also get a bit more in their pockets each month<\/strong>, the statement said. Payouts to retirees and other beneficiaries will rise on 1 January to a minimum of EGP 1.1k and a maximum of EGP 8.7k.<\/p>\n

CONSUMER FINANCE-<\/strong><\/p>\n

Cairo-based e-payments firm Damen plans to establish an investment arm <\/strong>focused on consumer finance and microfinance during Q2 2023, with funding from private equity player Aur Capital, CEO Tamer El Hussainy told Al Mal<\/a>.<\/p>\n

COMMODITIES- <\/strong><\/p>\n

New state silos company: <\/strong>The Egyptian Holding Company For Silos and Storage and the Agricultural Bank of Egypt are setting up a new company for silos and warehouses named Ard Misr (Egypt\u2019s Land), according to a Supply Ministry statement<\/a>.<\/p>\n

GREEN ECONOMY-<\/strong><\/p>\n

Honeywell and Intro Group subsidiary <\/strong>Environ Adapt<\/a><\/strong> could set up a chemical <\/strong>plastic recycling facility. <\/strong>Enterprise Climate<\/a> has the story.<\/p>\n

ELECTRONICS-<\/strong><\/p>\n

IT infrastructure contractor Benya Group will sign by mid-December final agreements <\/strong>with Saudi\u2019s <\/strong>Al Fanar to establish a <\/strong>tech-focused JV<\/a><\/strong> in the Gulf country, Chairman Ahmed Mekky told Bloomberg Asharq in an interview (watch, runtime: 1:22<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Among the other stories we\u2019re paying attention to this morning: ECONOMY- Employees will pay more towards social ins. starting in January: The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as of 1 January […]<\/p>\n","protected":false},"author":1,"featured_media":577617,"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":[7209],"tags":[111,72,6419,190],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-nationals-social-ins-authority","tag-social-welfare","wpautop","entry"],"acf":{"mongo_id":"66f0b1c9-751a-4360-88c8-3834d968fdac","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/477.jpg","photo_position":"above","related_issue":[577595],"teaser":"","voice_url":""},"yoast_head":"\nSocial ins contributions and payouts to rise in the new year - 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\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Social ins contributions and payouts to rise in the new year\" \/>\n<meta property=\"og:description\" content=\"Among the other stories we\u2019re paying attention to this morning: ECONOMY- Employees will pay more towards social ins. starting in January: The subscription wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP 1.7k and a maximum of EGP 10.9k as of 1 January […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-29T03:54:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Social ins contributions and payouts to rise in the new year\",\"datePublished\":\"2022-11-29T03:54:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/\"},\"wordCount\":274,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/social-ins-contributions-and-payouts-to-rise-in-the-new-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/477.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Nationals Social Ins. 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"Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/1164.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676492,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/12\/01\/national-organization-for-social-ins-raises-minimum-insurable-wage-to-egp-2-7k\/","url_meta":{"origin":577616,"position":1},"title":"National Organization for Social Ins. raises minimum insurable wage to EGP 2.7k","author":"enterpriseam admin","date":"1 December 2025","format":false,"excerpt":"The move is effective starting 1 January","rel":"","context":"In "LABOR"","block_context":{"text":"LABOR","link":"https:\/\/enterpriseam.com\/egypt\/category\/labor\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/111.jpg?fit=%2C&ssl=1&resize=350%2C200","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":577616,"position":2},"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 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The circular outlines the criteria for employees covered by\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":581504,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/12\/govt-to-hire-30k-new-teachers-in-bid-to-end-shortage-telcos-can-market-micro-ins-policies\/","url_meta":{"origin":577616,"position":4},"title":"Gov\u2019t to hire 30k new teachers in bid to end shortage + telcos can market micro ins. policies","author":"enterpriseam admin","date":"12 February 2023","format":false,"excerpt":"EDUCATION-Teacher hiring drive: The Education Ministry is looking to hire 30k primary school assistant teachers for the first, second and third grades to start in the 2023-2024 academic year, according to a Central Agency for Organization and Administration statement. Applicants must be under the age of 40 and hold an\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/classroom-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659074,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/minimum-capital-requirements-for-ins-companies-raised-in-response-to-deprecating-egp\/","url_meta":{"origin":577616,"position":5},"title":"Minimum capital requirements for ins. companies raised in response to deprecating EGP","author":"enterpriseam admin","date":"21 January 2025","format":false,"excerpt":"The new capital requirements for insurance firms take paid-up and issued capital to EGP 600 mn within two years","rel":"","context":"In "FINANCIAL SERVICES"","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1019.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\/577616","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=577616"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577616\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577617"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577616"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577616"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}