Bonus
President Sisi instructed raising the salaries of public employees with the monthly minimum of the raise being LE1,000. Further, the minimum wage for public employees will be LE3,500, while that of master’s and PhD holders at public institutions will be LE6,000 and LE7,000, respectively.
The ministry denied plans to cancel the annual raise.
President Sisi issued Saturday a law that stipulates granting a special allowance and a bonus to state employees, after being ratified by the Parliament.
Deutsche Bank will hike annual bonus payments to more than 1 billion euros despite posting its third consecutive annual loss in 2017.
The meeting was pushed to Tuesday to be at the premises of Prime Minister Sherif Ismail.
Private sector employees will be given a special monthly allowance at a minimum value of LE 165 and maximum value of LE 330
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