{"id":630847,"date":"2018-03-04T04:11:13","date_gmt":"2018-03-04T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/"},"modified":"2018-03-04T04:11:13","modified_gmt":"2018-03-04T04:11:13","slug":"president-el-sisi-launches-new-insurance-scheme-for-laborers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/","title":{"rendered":"President El Sisi launches new insurance scheme for laborers"},"content":{"rendered":"<p><strong>President Abdel Fattah El Sisi launched on Thursday the much-talked about insurance policy for non-government workers.<\/strong> Prime Minister Sherif Ismail announced that the initiative, which would target 15 mn part-time, seasonal, informal and self-employed workers, would see banks issue \u201cSafety certificates of deposits,\u201d <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/291923\/Egypt\/Politics-\/Egypt-announces-new-social-insurance-scheme-for-mi.aspx\">Ahram Online reports<\/a>.<\/p>\n<p><strong>How they work: <\/strong>The new CDs, worth EGP 500-2,500, provides insurance coverage and monthly pensions for these informal workers at 16% interest. The policy includes coverage for natural and accidental death and pays one-time benefits of EGP 10,000-250,000 or monthly pensions of EGP 200-1,000 over five years or EGP 120-600 over 10 years. The certificates can be issued to seasonal and temporary laborers between 18 and 59 years of age. <strong>El Sisi ordered that all companies and contractors working on government projects deposit their laborers premiums for the Safety CDs within two weeks<\/strong>, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/347120849140635\">according to an Ittihadiya statement<\/a>. State banks will start selling the Safety CDs today, <a href=\"http:\/\/www.egyptindependent.com\/four-banks-to-issue-sisis-safety-certificate-next-week\/\">according to Al Masry Al Youm<\/a>.<\/p>\n<p>Speaking on our dilapidated railways<strong>, the President said that EGP 200-250 bn would be needed to overhaul the nation\u2019s railway network<\/strong>. His statements come one day after a train collision in Beheira Governorate led to the death of 12 people.<\/p>\n<p><strong>El Sisi also had a stern warning to media outlets:<\/strong> \u201cI want to tell the media ... if someone insults the army or police they\u2019re defaming all Egyptians and that\u2019s not freedom of opinion,\u201d El Sisi said. \u201cHonestly speaking, defaming (the army and police), legally, for me now equals treason,\u201d he added. His statements come a day after Prosecutor General Nabil Sadek<a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/01\/beheira-train-collision-dominates-talk-on-the-airwaves-amr-adib-worries-media-crackdown-makes-us-look-like-fanatics\/\">issued orders to crackdown<\/a> on what he called \u201cfake news.\u201d<\/p>\n<p>His comments came during the inauguration of the first phase development of New Alamein City in Marsa Matrouh, <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/291924\/Egypt\/Politics-\/Egypts-President-Sisi-inaugurates-first-phase-of-N.aspx\">Ahram Online reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Abdel Fattah El Sisi launched on Thursday the much-talked about insurance policy for non-government workers. Prime Minister Sherif Ismail announced that the initiative, which would target 15 mn part-time, seasonal, informal and self-employed workers, would see banks issue \u201cSafety certificates of deposits,\u201d Ahram Online reports. How they work: The new CDs, worth EGP 500-2,500, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630847","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"44c120ce-d2e4-4fc0-a8ab-5484ccbb5a1c","order":"0","is_powered_by":true,"section_story_id":"b250893e-7eca-4a44-a21c-e09876beff22","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630827],"teaser":"","voice_url":""},"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>President El Sisi launches new insurance scheme for laborers - 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\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"President El Sisi launches new insurance scheme for laborers\" \/>\n<meta property=\"og:description\" content=\"President Abdel Fattah El Sisi launched on Thursday the much-talked about insurance policy for non-government workers. Prime Minister Sherif Ismail announced that the initiative, which would target 15 mn part-time, seasonal, informal and self-employed workers, would see banks issue \u201cSafety certificates of deposits,\u201d Ahram Online reports. How they work: The new CDs, worth EGP 500-2,500, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-04T04:11:13+00:00\" \/>\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\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"President El Sisi launches new insurance scheme for laborers\",\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\"},\"wordCount\":296,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/president-el-sisi-launches-new-insurance-scheme-for-laborers\/\",\"name\":\"President El Sisi launches new insurance scheme for laborers - 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