Finance Minister Ahmed Kouchouk has announced that Egypt will increase the minimum wage for public sector workers to 7,000 Egyptian pounds, the equivalent of $138.50 per month, from July, that’s according to reporting by Reuters. This will bring it into line with the private sector's minimum wage established in early February. The increase is viewed as part of several social protection measures that will cost Egypt between $1.6-1.7 billion and are set to begin this summer.
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Morocco is ramping up investment in desalination, dams, and water transfer projects to counter prolonged drought and protect its agricultural
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