{"id":638508,"date":"2017-10-08T03:50:12","date_gmt":"2017-10-08T03:50:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/"},"modified":"2017-10-08T03:50:12","modified_gmt":"2017-10-08T03:50:12","slug":"egypt-needs-to-focus-on-attracting-longer-term-investment-werr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/","title":{"rendered":"Egypt needs to focus on attracting longer-term investment -Werr"},"content":{"rendered":"

Patrick Werr is back to writing his usual column <\/strong>for The National<\/strong><\/a> and his first order of business to sound the call that Egypt \u201cshould be working overtime to attract longer-term investment.\u201d<\/strong> Werr is positing, \u201cciting fixed-income traders and economists,\u201d that the central bank has been keeping the EGP undervalued \u201cby as much as 20%.\u201d He says that if the central bank allows the EGP to strengthen, the inflows of \u201chot money\u201d portfolio investments to depart, \u201cprompting foreign investors to take their profits and pull their money out of Egypt.\u201d The government should counter this potential by attracting longer-term investment. A starting point would be for the government to stop threatening to intervene in the marketplace, Werr says. \u201cIt could also push ahead with the long-promised sale of stakes in large state companies, especially Banque du Caire, which has been repeatedly delayed. Among other reforms, government employees should be taught how to implement the country's laws \u2026 Another would be to reduce to a minimum the huge number of government entities that companies currently must deal to get start up their projects. Yet another reform would be to make it harder to punish employees who make mistakes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Patrick Werr is back to writing his usual column for The National and his first order of business to sound the call that Egypt \u201cshould be working overtime to attract longer-term investment.\u201d Werr is positing, \u201cciting fixed-income traders and economists,\u201d that the central bank has been keeping the EGP undervalued \u201cby as much as 20%.\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638508","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"9f3d2b04-99b3-465b-b1ae-5a682cd71a0c","order":"0","is_powered_by":true,"section_story_id":"0241ddc0-78d9-4d97-a6c5-3058b2c91018","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638482],"teaser":"","voice_url":""},"yoast_head":"\nEgypt needs to focus on attracting longer-term investment -Werr - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt needs to focus on attracting longer-term investment -Werr\" \/>\n<meta property=\"og:description\" content=\"Patrick Werr is back to writing his usual column for The National and his first order of business to sound the call that Egypt \u201cshould be working overtime to attract longer-term investment.\u201d Werr is positing, \u201cciting fixed-income traders and economists,\u201d that the central bank has been keeping the EGP undervalued \u201cby as much as 20%.\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-08T03:50:12+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt needs to focus on attracting longer-term investment -Werr\",\"datePublished\":\"2017-10-08T03:50:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt in the News\",\"EnterpriseAM\"],\"articleSection\":[\"EGYPT IN THE NEWS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\",\"name\":\"Egypt needs to focus on attracting longer-term investment -Werr - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-10-08T03:50:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt needs to focus on attracting longer-term investment -Werr\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt needs to focus on attracting longer-term investment -Werr - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/","og_locale":"en_US","og_type":"article","og_title":"Egypt needs to focus on attracting longer-term investment -Werr","og_description":"Patrick Werr is back to writing his usual column for The National and his first order of business to sound the call that Egypt \u201cshould be working overtime to attract longer-term investment.\u201d Werr is positing, \u201cciting fixed-income traders and economists,\u201d that the central bank has been keeping the EGP undervalued \u201cby as much as 20%.\u201d […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-10-08T03:50:12+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt needs to focus on attracting longer-term investment -Werr","datePublished":"2017-10-08T03:50:12+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/"},"wordCount":205,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Egypt in the News","EnterpriseAM"],"articleSection":["EGYPT IN THE NEWS"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/","name":"Egypt needs to focus on attracting longer-term investment -Werr - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-10-08T03:50:12+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/08\/egypt-needs-to-focus-on-attracting-longer-term-investment-werr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt needs to focus on attracting longer-term investment -Werr"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":646227,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/08\/egp-is-still-overvalued-no-longer-in-free-float-werr\/","url_meta":{"origin":638508,"position":0},"title":"EGP is still overvalued, no longer in free float -Werr","author":"enterpriseam admin","date":"8 June 2017","format":false,"excerpt":"The EGP is \u201covervalued\u201d and \u201cno longer floats freely,\u201d Patrick Werr claims in The National. He says a \u201cnew currency crunch may be inevitable in the coming few weeks when the central bank eases restrictions on transferring money out of the country.\u201d Werr says the EGP is getting \u201cless and\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/raising-rates-was-the-right-decision-werr\/","url_meta":{"origin":638508,"position":1},"title":"Raising rates was the right decision -Werr","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"Raising interest rates was \u201cabsolutely the right decision, and it was long overdue,\u201d Patrick Werr writes in The National. He says inflation before the price shock that followed the EGP flotation was already high, placing the blame on the \u201crapid expansion of the money supply over the past few years.\u201d\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648556,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","url_meta":{"origin":638508,"position":2},"title":"Egyptian economy to soon \u201ctake off\u201d -Werr","author":"enterpriseam admin","date":"6 April 2017","format":false,"excerpt":"The Egyptian economy looks like it will soon take off, veteran finance writer Patrick Werr writes in The National. He\u2019s 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,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649064,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/expanding-metro-lines-light-rail-should-be-national-priority-werr\/","url_meta":{"origin":638508,"position":3},"title":"Expanding metro lines, light rail should be national priority -Werr","author":"enterpriseam admin","date":"20 April 2017","format":false,"excerpt":"Expanding metro lines and light rail is a mega-project that should command priority above all, Patrick Werr writes in The National. \u201cThe lack of local public transport should be put at the level of a national emergency: he inability to move efficiently around cities is stifling economic growth, generating the\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651332,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/egypts-economy-in-transition-more-work-needed-to-secure-usd-sources-werr\/","url_meta":{"origin":638508,"position":4},"title":"Egypt\u2019s economy in transition, more work needed to secure USD sources -Werr","author":"enterpriseam admin","date":"9 February 2017","format":false,"excerpt":"Egyptians are going to have to tighten their belts for the time being, but an economic improvement could be nigh, Patrick Werr suggests in The National. We have not seen a positive impact from the reform measures undertaken yet because the economy is in transition and companies are re-adjusting. Werr\u2026","rel":"","context":"In "EGYPT IN THE NEWS"","block_context":{"text":"EGYPT IN THE NEWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-in-the-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648843,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/rencap-says-egypt-is-a-haven-trade-werr-says-state-of-emergency-could-slow-recovery-down\/","url_meta":{"origin":638508,"position":5},"title":"Rencap says Egypt is a haven trade, Werr says state of emergency could slow recovery down","author":"enterpriseam admin","date":"13 April 2017","format":false,"excerpt":"Renaissance Capital says investing in Egypt is an emerging market safe-haven trade, Global Chief Economist Charles Robertson told Bloomberg TV. Egypt is one of the places that provide \u201cidiosyncratic opportunities,\u201d he says, despite the terrorist attacks. \u201cIt\u2019s high yield and it\u2019s got a cheap currency,\u201d Robertson adds. Looking at EMs\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=638508"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638508\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638482"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638508"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638508"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}