{"id":615082,"date":"2024-02-12T00:00:00","date_gmt":"2024-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/"},"modified":"2024-02-12T00:00:00","modified_gmt":"2024-02-12T00:00:00","slug":"this-evening-house-signs-off-on-egp-180-bn-social-protection-package","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/","title":{"rendered":"THIS EVENING: House signs off on EGP 180 bn social protection package"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, nice people.<\/strong> It\u2019s a relatively calm day in the local news cycle, but there are plenty of updates in our neighborhood we\u2019re keeping an eye on. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>MPs greenlight March wage hikes, pension increases, tax breaks: <\/strong>The House of Representatives gave its final seal of approval for the EGP 180 bn social protection package President Abdel Fattah El Sisi introduced <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/76f901c8-012d-4de4-8d1e-eb994506231c\" style=\"\" rel=\"noopener\">last week<\/a>, in a bid to alleviate the effects of the ongoing economic crisis on citizens. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The package will introduce wage hikes for public-sector employees, pension increases of 13-15%, early bonuses for civil servants, and higher pay for doctors, nurses, school teachers, and university faculty. The personal income tax exemption threshold will also be raised for public and private sector employees. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No single story is dominating the international press, but we\u2019re keeping an eye on <\/strong><strong>developments in Rafah.<\/strong> Israeli airstrikes killed 67 Palestinians this morning, in addition to another 100 in the last 24 hours, according to the <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MOHGaza1994\/posts\/pfbid02z9HT61hr8LY6VPxNG3JMqG1KxTuj2rLwdth74AGjUQ6gr8kEikoV8uGwANvYxdnVl\" style=\"\" rel=\"noopener\">Palestinian Health Ministry<\/a>. The latest attacks bring the death toll up to around 28,340 with 67,984 wounded. Rafah is now the last Gazan city available for refuge and despite international opposition \u2014 including the Netherlands halting the export of fighter jets and US President Joe Biden expressing concern over the civilian death toll, \u2014 Israeli Prime Minister Benjamin Netanyahu is determined to continue the assault on Gaza, \u201cuntil total victory.\u201d (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israel-strikes-rafah-refugee-camp-22-killed-local-health-officials-say-2024-02-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-12\/israel-conducts-strikes-in-rafah-as-humanitarian-concerns-mount?srnd=premium-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>Reviews of Egypt\u2019s previous IMF loan program near completion: <\/strong>The IMF\u2019s long-stalled first and second <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70fc592b-2ad2-47f2-a847-6db6539e47c3\" style=\"\" rel=\"noopener\">reviews of Egypt\u2019s USD 3 bn loan program<\/a> are in their final stages and are expected to be completed \u201cin a few short weeks.\u201d<\/li>\n<li><strong>Gov\u2019t taps Compass Capital to promote its stake in EPP: <\/strong>State-owned Egyptian Petrochemicals Holding Company has tapped private equity firm Compass Capital to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bebf4249-f687-4e82-9c1e-e0e920fe361a\" style=\"\" rel=\"noopener\">promote part of the 22% stake it owns<\/a> \u2014 along with the Egyptian Natural Gas Company \u2014 in state-owned thermoplastic producer Egyptian Propylene and Polypropylene (EPP) to Gulf- and China-based investors.<\/li>\n<li><strong>CIB saw its net income surge 83% y-o-y to EGP 7.2 bn in 4Q 2023:<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3ec9d0c9-767e-4e12-90e2-cfdffe6ca5ea\" style=\"\" rel=\"noopener\">Revenues rose<\/a> 71% y-o-y in the quarter to EGP 16.3 bn in the same period.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HELP GAZA-<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to support relief efforts in Gaza, but don\u2019t know how?<\/strong> We\u2019ve got you. More than 1 mn people in Gaza have been thrown from their homes and every human being there lacks access to food, water, and fuel amid the most intense bombardment any population has endured this century.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The folks at Talabat are processing donations for a range of Gaza relief appeals <\/strong>by charities including the Egyptian Food Bank and Misr El Kheir. Pay in EGP using your credit card.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Or check out <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/edition\/am\/f8ce0f50-10c2-4cca-8e6f-64c32a5c90b7\" style=\"\" rel=\"noopener\">our list of charities<\/a><\/strong><strong> to which you can make direct donations<\/strong> via bank deposit and \/ or Fawry.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Expect a mostly cloudy day with a high of 24\u00b0C and a low of 15\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, nice people. It\u2019s a relatively calm day in the local news cycle, but there are plenty of updates in our neighborhood we\u2019re keeping an eye on. THE BIG STORY TODAY MPs greenlight March wage hikes, pension increases, tax breaks: The House of Representatives gave its final seal of approval for the EGP 180 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":615083,"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":[7213],"tags":[633,274,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-house-of-representatives","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"3ce79e29-fce1-4bed-bdcc-fe9701b13e63","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2021\/1\/100.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[615080],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.74fe39ae-2ff9-4da1-9ffe-74fbad88f18f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: House signs off on EGP 180 bn social protection package - 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\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: House signs off on EGP 180 bn social protection package\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, nice people. It\u2019s a relatively calm day in the local news cycle, but there are plenty of updates in our neighborhood we\u2019re keeping an eye on. THE BIG STORY TODAY MPs greenlight March wage hikes, pension increases, tax breaks: The House of Representatives gave its final seal of approval for the EGP 180 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-12T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: House signs off on EGP 180 bn social protection package\",\"datePublished\":\"2024-02-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\"},\"wordCount\":528,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/100.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"House of Representatives\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/02\/12\/this-evening-house-signs-off-on-egp-180-bn-social-protection-package\/\",\"name\":\"THIS EVENING: House signs off on EGP 180 bn social protection package - 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