Rashad abdo - Latest News Update, Information, Photos & Videos on Rashad abdo at Lokmat Times

Cairo, March 3 Egyptian President Abdel-Fattah al-Sisi has announced a package of measures to cushion the impact of soaring prices.The measures included raising minimum wage for government employees to 3,500 Egyptian pounds ($114) from 2,700 pounds and pensions by 15 per cent, al-Sisi said in a televised address to the nation.The new decisions, which will be enforced on April 1, seeks to "alleviate the effect of the global economic circumstances", the President said.He said the Russia-Ukraine war has affected the global economy, which is yet to recover from the Covid-19 pandemic, adding "Egypt, like other countries, was affected by the rise in energy and food prices due to the disruption of the global supply chain".Al-Sisi's remarks came a few hours after a hike in fuel prices came into effect.Rashad Abdo, a Cairo-based Egyptian economist, told Xinhua that those measures are important to ease people's burdens amid the current inflation, yet are still not enough.He urged the government to monitor the private sector, which raises prices due to lack of governmental supervision.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Rashad AbdoFOLLOW

Rashad abdo, Latest News

Politics :Egypt hikes interest rates by 2% to contain inflation

Cairo, March 31 Egypt's Monetary Policy Committee (MPC) decided to raise the interest rates of the central bank ... ...

Politics :Egyptian Prez announces measures to contain price hikes

Cairo, March 3 Egyptian President Abdel-Fattah al-Sisi has announced a package of measures to cushion the impact of ... ...