Egypt govt to set maximum wage in a month

Finance Minister Hazem al-Beblawy said Tuesday that the government would announce a maximum wage in a month to be applied to all state employees.

Beblawy confirmed that the government is eager to reform the wage system without waiting for the results of in-depth studies on the subject, as they could take a year to complete.

He noted that the minimum and maximum wages would be reviewed periodically so as to ensure they matched changing economic conditions, adding that they would be consistent with international standards.