Egypt Independent

Maximum wage to be applied by end of July



The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July. 
 
The law will be applied to workers at government institutions, including the defense and interior ministries, the Central Bank of Egypt, all other public banks, the Suez Canal Authority and the Egyptian Stock Market.
 
Officials said that only diplomatic missions are exempt, because the law took in consideration the varying cost of living rates around the world.
 
Edited translation from Al-Masry Al-Youm