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 the Dollar value increase, Our main goal here is to make sure they can maintain their quality of life while focusing mainly on producing high quality output.

We encourage all the Egyptian companies to do the same to help their employees overcome the challenges that they face from the current circumstances witnessed in Egypt.

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