{"id":648556,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"egyptian-economy-to-soon-take-off-werr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","title":{"rendered":"Egyptian economy to soon \u201ctake off\u201d -Werr"},"content":{"rendered":"<p><strong>The Egyptian economy looks like it will soon take off<\/strong>, veteran finance writer Patrick Werr writes in T<a href=\"http:\/\/www.thenational.ae\/business\/economy\/signs-of-hope-emerge-for-egypt-even-as-inflation-soars\">he National<\/a>. 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, noting that \u201cthe real test will come in the autumn, when the post-summer tourist season begins.\u201d Werr also sees exports rising and imports falling, foreign investment increasing, and more IPOs coming to the EGX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, noting that \u201cthe real test [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648556","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c608626f-1c4f-474a-9c83-a8835d3e6d2d","order":"0","is_powered_by":true,"section_story_id":"131ac6a3-8405-4945-b8e9-a1e5596d7807","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian economy to soon \u201ctake off\u201d -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\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian economy to soon \u201ctake off\u201d -Werr\" \/>\n<meta property=\"og:description\" content=\"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, noting that \u201cthe real test [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-06T03:53:27+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian economy to soon \u201ctake off\u201d -Werr\",\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\"},\"wordCount\":92,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\",\"name\":\"Egyptian economy to soon \u201ctake off\u201d -Werr - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egyptian economy to soon \u201ctake off\u201d -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":"Egyptian economy to soon \u201ctake off\u201d -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\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","og_locale":"en_US","og_type":"article","og_title":"Egyptian economy to soon \u201ctake off\u201d -Werr","og_description":"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, noting that \u201cthe real test [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-06T03:53:27+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egyptian economy to soon \u201ctake off\u201d -Werr","datePublished":"2017-04-06T03:53:27+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/"},"wordCount":92,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/","name":"Egyptian economy to soon \u201ctake off\u201d -Werr - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-06T03:53:27+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/egyptian-economy-to-soon-take-off-werr\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egyptian economy to soon \u201ctake off\u201d -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":648019,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/raising-rates-was-the-right-decision-werr\/","url_meta":{"origin":648556,"position":0},"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 &quot;Speed Round&quot;","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":652943,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/23\/emra-needs-new-mining-bid-rules-werr-writes\/","url_meta":{"origin":648556,"position":1},"title":"EMRA needs new mining bid rules, Werr writes","author":"enterpriseam admin","date":"23 January 2017","format":false,"excerpt":"The Egyptian Mineral Resources Authority (EMRA) is not doing Egypt any favors with the terms and conditions it laid down for its latest bid round, Patrick Werr writes for The National. He echoes a similar sentiment to Aton Resources\u2019 CEO Mark Campbell, who wrote for us last week urging EMRA\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":634915,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/government-housing-could-be-beyond-means-of-most-egyptians-werr\/","url_meta":{"origin":648556,"position":2},"title":"Government housing could be beyond means of most Egyptians -Werr","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"Are government housing projects beyond the means of most Egyptians? New houses being built by the government are \u201care priced way beyond the means of most Egyptians and a good share of them will remain unsold,\u201d analysts tell Patrick Werr. It is not clear how easily the country will be\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":652530,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/12\/govt-should-not-be-holding-a-large-number-of-properties-werr\/","url_meta":{"origin":648556,"position":3},"title":"Gov\u2019t should not be holding a large number of properties -Werr","author":"enterpriseam admin","date":"12 January 2017","format":false,"excerpt":"The government\u2019s ownership of a large number of real estate properties is not doing the country any good, argues Patrick Werr in his weekly column in The National. He takes the case of the Continental Hotel, for which a demolition order was issued recently. Werr says that \u201cthis demolition order\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":651332,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/09\/egypts-economy-in-transition-more-work-needed-to-secure-usd-sources-werr\/","url_meta":{"origin":648556,"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 &quot;EGYPT IN THE NEWS&quot;","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":646227,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/08\/egp-is-still-overvalued-no-longer-in-free-float-werr\/","url_meta":{"origin":648556,"position":5},"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 &quot;EGYPT IN THE NEWS&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648556","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=648556"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648556\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648548"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648556"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648556"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}