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Stay informed: Anticipated overhaul of Egypt's labour law to drive reform and attract investments.
Keep a close eye on the imminent issuance of Egypt's new labour law, set to replace the existing labour law number 12/2003. This anticipated legislative update is poised to address shortcomings in the current law and contribute to ongoing reforms in Egypt, with the overarching goal of attracting new investments.
The Egyptian Senate has given its initial approval to a new draft of the labour law, signaling its impending issuance as a comprehensive replacement for the current labour law (No. 12 of 2003). This draft introduces key changes aimed at modernising employment regulations and fostering a more favourable business environment.
Noteworthy provisions in the draft law include:
As Egypt positions itself for economic growth, these proposed changes signify a commitment to fostering a more favourable and progressive work environment. Stay tuned for further developments and insights on the evolving labour landscape in Egypt.
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Employment law and practice are constantly evolving in the GCC region. Understanding the impact of these changes can be hard work, even for dedicated HR teams.
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