3 Days
Source:
بوابة الشروق
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Maximum pension increase of 2,505 pounds
President Abdel Fattah El-Sisi issued a republican decree to increase pensions by 15% starting from July, aiming to ease the financial burdens and improve the lives of retirees. Approximately 11.5 million citizens will benefit from this, with an annual cost of 70 billion Egyptian pounds. The maximum increase amount was set at 2,505 Egyptian pounds. Pensions will be distributed through banks, postal offices, and ATMs, following coordination with the Central Bank. This increase is part of ongoing reform efforts to ensure a decent life for the elderly and the most vulnerable groups.
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