Egypt has increased the monthly minimum wage by 50%, raising it to 6,000 pounds ($194). The adjustment effective from March is part of a 180 billion pound “urgent social protection package.” Tax threshold has been increased by 33%, from 45,000 pounds to 60,000 pounds, for all employees in the public and private sectors.The wages of state workers have been additionally increased by a minimum ranging from 1,000 to 1,200 pounds per month.The move aims to alleviate the cost-of-living challenges in the North African country, which is potentially gearing up for another significant currency devaluati…