Creiden Raising Salaries in Reaction to the Devaluation of the EGP
Egypt Central bank announced on Monday 14/3/2016 that it had devalued the Egyptian pound by 14% from 7.83 to 8.95 per US Dollar. Inspired by a company that we appreciate in Egypt "Spirula Systems"; We decided to follow in their footsteps and keep Creiden employees secured by raising salaries by the same amount -14%- to compensate the expected effect of...