Telecom Egypt to offer 10% bonus, pay hikes in 2018

Telecom Egypt’s board approved a decision to grant its employees a 10% bonus of base salary in 2018, according to a company statement.

The board decided to increase other allowances by 10% as of January 2018, the company said in a statement to the Egyptian Exchange (EGX).

Telecom Egypt’s financial results in the third-month period ended September 2017 showed net profits of EGP 1.008 billion, compared to EGP 867.3 million in the year-ago period.