Support for private sector reiterated

ILO hosts industrial seminar to support compliance with Egypt’s new private sector minimum wage - Better Work

CAIRO, 17 March 2025 –  Following the adoption of Ministerial Decision No. 15 of 2025, which sets a new private sector minimum wage of 7,000 EGP (approximately 138 USD) per month, effective March 1, the ILO/IFC Better Work Egypt (BWEg) programme and the ILO “Empowerment through Education and Learning in Egypt” (ETEL) project have collaborated to ensure the coordinated and effective implementation of the new wage in the garment sector. To support…

Support for private sector reiterated

The article by Xi, who is also Chinese president and chairman of the Central Military Commission, came nearly one month after he held a special symposium on private enterprises on Feb 17, aiming to boost private businesses.

The Bank of China has set up a fund of 50 billion yuan ($6.9 billion) to invest in technology start-ups, reported state media CCTV, while the country's major state lenders are trying to support the private economy.