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World
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International
3/3/2024 11:03:58 PM
Swiss voters on Sunday overwhelmingly backed a proposal to increase pension payments, a move hailed as "historic" by backers at a time when the country's aging population faces surging living expenses.
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Al-Ahram Weekly
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Egypt
2/13/2024 9:51:58 PM
On Monday, the House of Representatives approved five bills earmarking LE180 billion to fund a new package of wage and pension hikes, tax breaks, and social protection programmes, reports Gamal Essam El-Din
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Egypt
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Politics
2/7/2024 10:51:06 PM
President Abdel-Fattah El-Sisi directed on Wednesday the government to take several urgent social measures to alleviate the cost of living pressures on citizens, including raising minimum wages for all government workers and raising pensions starting in March.
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Business
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Economy
1/14/2024 1:54:04 PM
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300, respectively – within two months, Samir Sabry, Rapporteur of the Investment Committee at the National Dialogue, said on Saturday.
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Business
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Economy
1/13/2024 7:28:38 PM
The Egyptian government is preparing to introduce a social protection package that encompasses various improvements, including wage and pension adjustments and an increase in the tax exemption threshold, said Minister of Finance Mohamed Maait, according to a Cabinet statement on Saturday.
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Business
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Economy
12/31/2023 2:07:47 PM
The Egyptian government is set to continue improving wage levels in 2024 to alleviate the financial burdens faced by citizens since the wake of the COVID-19 pandemic and amid subsequent geopolitical tensions, Minister of Finance Mohamed Maait said on Sunday.
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Business
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Economy
12/28/2023 2:44:08 PM
Norway's largest pension fund said Thursday it has divested from Saudi Aramco due to the oil giant's lack of climate action and from 11 other Gulf companies over human rights concerns.
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Egypt
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Society
12/17/2023 3:06:54 PM
Egypt is set to increase the minimum pension by 17.64 percent as of 1 January 2024, Head of the National Organization for Social Insurance (NOSI) Gamal Awad announced in a statement on Sunday.
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Business
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Economy
11/26/2023 12:12:28 PM
The Egyptian government has announced the allocation of EGP 202 billion for supporting its pension system during the fiscal year (FY) 2023/2024, said Mohamed Maait, minister of finance, according to an official statement on Saturday.
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World
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International
9/20/2023 12:03:48 PM
King Charles III of the United Kingdom starts a three-day state visit to France on Wednesday meant to highlight with great pomp both nations' friendship, after the trip was postponed in March amid widespread demonstrations against President Emmanuel Macron’s pension changes.
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Business
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Economy
9/17/2023 3:43:18 PM
The new social support measures announced by Egyptian President Abdel-Fattah El-Sisi will cost an estimated EGP 60 billion ($1.94 billion) annually, according to Minister of Finance Mohamed Maait.
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Al-Ahram Weekly
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Egypt
8/24/2023 7:30:00 PM
Despite adopting various unconventional means to attract dollar funds, these may be insufficient to cover Egypt’s needs for hard currency.
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World
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International
8/23/2023 5:38:22 PM
French President Emmanuel Macron told his government Wednesday he was considering referendums to pass legislation and break the political deadlock caused by the country's hung parliament, several sources told AFP.
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Business
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Economy
8/14/2023 3:20:59 PM
State-owned Misr Life Insurance and the National Bank of Egypt (NBE) launched on Monday the first USD pension certificates for Egyptians working abroad.
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Business
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Economy
7/27/2023 6:09:00 PM
The state-owned National Bank of Egypt (NBE) and Banque Misr announced issuing new three-year US-dollar certificates of deposits (CDs) with seven percent and nine percent yields to be paid quarterly or annually in US dollars or Egyptian pounds.
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Business
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Economy
6/28/2023 8:51:45 PM
Egypt is allocating EGP 202 billion ($6.54 billion) of its budget for the fiscal year 2023/24 to pensions, a six percent increase compared to EGP 191 billion in the current fiscal year, according to a statement by the Ministry of Finance on Wednesday.
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World
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International
6/8/2023 5:30:37 PM
Opponents of French President Emmanuel Macron’s pension reform failed on Thursday to pass a repeal bill, in their latest effort to maintain the retirement age at 62.
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World
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International
6/6/2023 8:14:40 PM
French protests against President Emmanuel Macron's pensions overhaul began to run out of steam on Tuesday with lower numbers taking to the streets and leaders questioning the future of the movement.
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World
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International
5/2/2023 2:53:55 PM
French trade unions said Tuesday they would call new mass demonstrations against President Emmanuel Macron's bitterly contested pension reforms next month, a day after hundreds of thousands turned out against the law.
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World
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International
5/1/2023 11:44:56 PM
Protesters clashed with security forces across France on Monday as hundreds of thousands of people took to the streets for Labour Day to vent their anger against President Emmanuel Macron's pension reform.
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