Tag: Egypts

Egypt’s irregular workers to be paid £1,000 from emergency fund

[ad_1]
Cairo: Egyptian President Abdel-Fattah al-Sisi announced the establishment of an emergency relief fund that provides a one-time subsidy of 1,000 Egyptian pounds ($32.36) for irregular workers.
In a televised speech on Labour Day, Sisi said that several other support programmes would be launched to help irregular workers, who are among the worst impacted by economic crisis, Xinhua news agency reported.
“The emergency fund would be launched in the coming weeks and seasonal workers would receive financial support in emergencies,” he said.

Social and health accounts dues will be transferred to the fund, thus they would be invested and used in emergencies and crises for irregular workers in a sustainable manner, he added.
Sisi also instructed the Egyptian government to issue a new “Aman” certificate to cover life insurance and work injuries for irregular workers.
According to a statement released by the Ministry of Manpower in December, there are 11 million irregular workers in Egypt.
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

Subscribe us on
[ad_2]
#Egypts #irregular #workers #paid #emergency #fund
( With inputs from www.siasat.com )

May 2, 2023
Egypt’s annual inflation hits 5-year high

[ad_1]
Cairo: Egypt’s annual inflation nationwide reached 32.9 per cent in February 2023, the highest rate since the end of 2017, according to an official report.
The prices of food and beverage went up by 61.5 per cent, transportation, by 19.4 per cent, healthcare, by 16.8 per cent, and clothes and shoes, by 18.9 per cent, Xinhua news agency quoted the report issued by the Central Agency for Public Mobilization and Statistics, as saying.
Meanwhile, the prices of various commodities and services climbed by 24.7 per cent, it added.
The Egyptian pound has lost about half of its value since March 2022, when the Central Bank of Egypt started to order rounds of devaluations amid a shortage of foreign currency, particularly the U.S dollar, necessary for imports.
Subscribe us on
[ad_2]
#Egypts #annual #inflation #hits #5year #high
( With inputs from www.siasat.com )

March 10, 2023
Death toll in Egypt’s train crash rises to four

[ad_1]
Cairo: The casualty toll of the train derailment on Tuesday night in Qalyub, an Egyptian city about 23 km north of the capital Cairo, has risen to four killed and 23 injured, the authorities said on Wednesday.
All the wounded had been transferred to three national hospitals, 11 of whom were released after receiving necessary treatment, according to the Egyptian health ministry, Xinhua news agency reported.
The train went through the “closed semaphore” at the Qalyub Train Station in Qalyubia Governorate and headed toward a blocked railway before colliding with the protection at the end of the railway, the Egyptian National Railways said in a statement on Tuesday.
As a result, the locomotive and the first carriage were derailed, the statement said, adding the Egyptian Transport Ministry formed a committee to investigate the accident.
Meanwhile, Egypt’s Public Prosecutor also ordered an investigation into the Qalyub train collision.
Egypt’s railway system has long been troubled by poorly maintained equipment and poor administration, which frequently results in train derailments and crashes. At least 32 people were killed in a train collision in 2021 in Tahta, a city in southern Egypt. Later that year, a train derailed in Qalyubia, killing 11.
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)

[ad_2]
#Death #toll #Egypts #train #crash #rises
( With inputs from www.siasat.com )

March 8, 2023
Egypt’s tourism revenues hit record high in Q1 of FY 2022/23

[ad_1]
Cairo: The Central Bank of Egypt (CBE) said the country’s tourism revenues increased by 43.5 per cent to a record high of $4.1 billion in the first quarter of the fiscal year 2022-2023.
Egypt’s fiscal year begins at the beginning of July and ends at the end of June the following year, reports Xinhua news agency.
The number of tourists visiting Egypt from July to September last year rose by 52.2 per cent to 3.4 million, while the number of nights tourists spent in the country increased by 47.1 per cent to 43.6 million, the bank said in an official statement.
Over the past few years, Egypt’s tourism sector, a main source of national income and hard currency for the country, has been greatly affected by the country’s fight against terrorism, especially after a Russian plane crashed over the Sinai Peninsula in October 2015, killing all 224 passengers and crew on board.
With improving security conditions in Egypt, tourism gradually recovered in the following years to bring Egypt a record high of $13 billion in revenues in 2019, when more than 13 million tourists visited the North African country, before tourist numbers declined again because of the Covid-19 lockdowns.
The ongoing Russia-Ukraine war has also cast a shadow on the sector as the two countries have been among top sources of tourists to the country boasting many historic monuments.
Abdel Fattah al-Assi, a former assistant minister of tourism and antiquities for hotel facilities control, attributed the revival of the tourism industry to the incentives provided for foreign travel agencies and the country’s improved stability and security, among other factors.
“After the Covid-19 lockdowns, more people will spend their holidays abroad, and Egypt has many advantages for tourists as it enjoys a nice weather and offers reasonable prices (for tourists),” al-Assi told Xinhua.

The ongoing development in Egypt, such as better roads, less traffic and the renovation of most tourist destinations, will attrack more visitors, he noted.
[ad_2]
#Egypts #tourism #revenues #hit #record #high
( With inputs from www.siasat.com )

February 3, 2023