The Egyptian government will raise the minimum wages paid by the private sector to 3,500 Egyptian pounds (113 dollars) per month starting January 1, according to a decision published in the official gazette on Monday.
Minimum Wage Increase in Egypt
The last increase in the minimum wage in Egypt occurred on July 1, when it was set at 3,000 pounds.
Riyadh Conference to Highlight Operational Excellence and Sustainability
A conference is scheduled to be held in Riyadh to assess innovative operational experiences across various sectors and provide potential opportunities for Saudi companies through knowledge transfer and adoption of updated standards under the slogan “Towards Creating Value for All Stakeholders.” The conference will showcase several success stories aimed at promoting a culture of operational excellence and implementing its concepts in line with the highest international standards.
Arab League Meeting Discusses Facilitation of Free Trade Area
Saudi Arabia proposed the establishment of a trade platform during a meeting of the Arab League’s Economic and Social Committee on December 10. The meeting primarily focused on implementing the Greater Arab Free Trade Area.
COP28 Conference Raises Over $83 Billion for Climate Change Efforts
The United Nations Climate Change Conference (COP28) has pledged over $83 billion for environmental efforts, including $792 million for a loss and damage fund to assist developing countries affected by severe climate change impacts. The total also includes $568 million allocated for technology use to ensure sustainability, while $134 million has been earmarked for the Adaptation Fund and $31 million for a special climate change fund.
Qatar’s Private Sector Exports Decline by 28% to $5 Billion in First 9 Months
Qatar’s private sector exports fell by 28% to 18.5 billion Qatari riyals (5.08 billion dollars) in the first nine months, according to official data. The latest trade report from the Qatari Chamber of Commerce found that private sector exports in the third quarter decreased by 47% to 3.25 billion Qatari riyals compared to 6.1 billion riyals achieved between May and June. They also declined by 65% compared to 9.3 billion riyals achieved in the same period of
Source: https://www.arabnews.com/node/2423936/business-economy
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