Sisi hints Egyptian civil servants may not get wage increase this year

CAIRO (Reuters) - President Abdel Fattah al-Sisi suggested on Monday that Egypt's civil servants may not get a wage increase this year as the government needs money to build new classrooms in overcrowded schools. Egypt has already increased fuel, electricity and transport prices this year to help meet the terms of

Jordan pushes new IMF-backed tax bill to parliament

Jordan's cabinet on Tuesday sent to parliament an IMF-backed draft tax bill, a main plank of austerity measures to ease rising public debt, an issue that caused street protests last summer, officials said. The government hopes to push through the new legislation within two months despite opposition from many deputies, saying

IMF says Egypt’s structural reforms key for sustainable development

CAIRO (Reuters) - IMF managing director Christine Lagarde has praised Egypt's economy saying it was showing "strong signs of recovery" under a three-year reform plan, and stressed the importance of structural reforms to achieve more sustainable development. Egypt has implemented tough reforms under a $12 billion loan programme agreed in late

Tunisia’s government raised fuel prices by about 4 percent

By: Middle East Affairs On Saturday, Tunisia's administration raised fuel costs by around 4 percent, the fourth climb this year, with an end goal to get control over its spending deficiency and meet changes asked for by the nation's global loan specialists. The industry ministry said in a statement that the cost

Austerity measures in Egypt result in higher cost of life

CAIRO: Egyptian civil servants have warned the government that increases in their salaries will not help them avoid the devastating impact of tough new austerity measures. Earlier this month the national Parliament approved a draft law giving state employees a 7 percent raise in their basic earnings and an additional irregular

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