Egypt Independent The Egyptian Cabinet approved a draft law to provide a monthly deduction for over a year of 1% in net income for state servants in all sectors and a deduction of a 0.5% net income from pensions starting from 1 July, according to an announcement on Wednesday. The …
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Egypt Today President Abdel Fatah al-Sisi announced, on Sunday, economic measures taken by the Egyptian state to face the coronavirus (Covid-19) pandemic. He said, “the government decided to include the five bonuses due for pensioners by 80% of the basic wage, in addition to granting the annual periodic bonus …
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Egypt Independent The government of France proposed a compromise on Saturday, to end a crippling transport strike against pension reform. The offer is to withdraw a key proposal on raising the retirement age. But trade unions gave the announcement a mixed welcome. The overture from Prime Minister Edouard Philippe …
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Egypt Today French government and labour unions met on Wednesday over a pensions overhaul, 14 days into a crippling transport strike that is hurting businesses, wearing out commuters and casting a shadow over holiday plans. After hundreds of thousands took to the streets on Tuesday, both sides stood firm ahead …
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Egypt Independent The Eiffel Tower shut down on Thursday, France’s high-speed trains stood still and teachers walked off their schools, as trade unions launched nationwide strikes protesting against the government plans to overhaul the retirement pension system. Paris authorities barricaded the presidential palace and deployed 6,000 police for what is …
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Doaa Moneim – Ahram Online The Egyptian Minister of Finance Mohamed Maait said Egypt is establishing a new pension fund in addition to the sovereign wealth fund. He told Ahram Onlineat the Euromoney Egypt Conference, which kicked off on Monday; the sovereign wealth fund was targeted to manage £E1.5 …
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