Emergency labour aid fund disburses EGP 2.48bn to support over 441,000 workers nationwide

The Board of Directors of the Emergency Labour Aid Fund, chaired by Minister of Labour Mohamed Gobran, announced the disbursement of a total EGP 2.481bn since its establishment on 1 July 2002 through 8 February this year, benefiting 441,600 workers at 3,999 establishments across the country. Between 1 July 2024 and 8 February 2026 alone, the fund allocated EGP 253.6m to support 24,528 workers at 51 establishments affected by emergency circumstances.

In a statement issued on Sunday, the board revealed a review of the fund's financial position, as well as the assistance provided to workers at establishments impacted by crises, in line with executive regulations on eligibility and disbursement mechanisms. The board also examined the cumulative assistance extended since the fund's inception. It reaffirmed the fund's ongoing commitment to supporting workers and establishments facing emergency challenges through wage subsidies. This approach aligns with directives from President Abdel Fattah El-Sisi and seeks to ensure a comprehensive social protection framework for all worker categories.

Minister Gobran stated that the fund's support reflects its national and humanitarian mandate, offering temporary wage assistance to workers in establishments experiencing crises or short-term difficulties until normal operations and full productive capacity are restored. He added that these efforts contribute to labour market stability, sustained production, and the overall strengthening of the national economy. The announcement comes amid government initiatives to maintain social and economic stability amid various challenges in the labour sector.

Makala yanayohusiana

Prime Minister Mostafa Madbouly announced the advancement of government salaries for the next two months to ease financial pressures on households during Ramadan and Eid al-Fitr. The decision forms part of a EGP 40.3 billion social protection package aimed at supporting citizens' living standards. The announcement came at a press conference in the New Administrative Capital on Sunday.

Imeripotiwa na AI

Egypt is set to receive €1 billion from the European Union this Thursday under the Macro-Financial Assistance mechanism, after implementing 16 economic and structural measures under the National Structural Reform Program. Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat announced this at a joint press conference with European Investment Bank Vice President Gelsomina Vigliotti.

Colombia's Finance Minister Germán Ávila defended the Economic and Social Emergency, stating that without it the state couldn't meet fundamental obligations. He assured that the measures won't affect the family basket or vulnerable sectors. Funds will go toward health, security, and key subsidies.

Imeripotiwa na AI

Egyptian officials are considering an investment fund to provide sustainable financing for sports talent. Investment and Foreign Trade Minister Mohamed Farid met with Youth and Sports Minister Gohar Nabil to discuss using investment fund models to support and qualify promising athletes for regional and international competitions.

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