Egyptian economy to soon “take off” -Werr

The Egyptian economy looks like it will soon take off, veteran finance writer Patrick Werr writes in The National. He’s pinning his expectation on five factors, expecting natural gas exploration to continue booming, with scope for exports in the near future. Tourism is also on an upward trajectory, he says, noting that “the real test will come in the autumn, when the post-summer tourist season begins.” Werr also sees exports rising and imports falling, foreign investment increasing, and more IPOs coming to the EGX.