
Patrick Werr
Economics and finance journalist based in Egypt for 33 years, writing on the Egyptian economy for Reuters.
Articles
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2 weeks ago |
zawya.com | Mohamed Ezz |Nafisa Eltahir |Patrick Werr
CAIRO - Egypt has allocated a 174 square km (67 square mile) plot on the Red Sea coast to the finance ministry for use in Islamic bond issuances and in efforts to lower the country's public debt, the official gazette said on Tuesday. The gazette did not elaborate on how the land would be used, but Egypt, which has been mired in a slow-burning economic crisis, signed a $35 billion deal with the United Arab Emirates early last year to develop a 170-square-km tract along the Mediterranean coast.
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3 weeks ago |
zawya.com | Patrick Werr
Egypt's net foreign assets (NFAs) fell by $1.5 billion in April, central bank data showed on Wednesday, retreating from March, when the approval of the fourth review of the country's IMF programme sparked a jump. NFAs slid to the equivalent of $13.54 billion, from $15.08 billion at the end of March, according to Reuters calculations based on official central bank currency exchange rates.
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3 weeks ago |
zawya.com | Patrick Werr
CAIRO - Activity in Egypt's non-oil private sector edged closer to stability in May, with softer contractions in new business and output, according to an S&P Global survey released on Tuesday. The headline seasonally adjusted S&P Global Egypt Purchasing Managers' Index (PMI) rose to 49.5 from 48.5 in April, remaining below the 50.0 threshold that separates growth from contraction.
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1 month ago |
businesslive.co.za | Patrick Werr |Jaidaa Taha
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. Tourists stand next to museum exhibits displayed at the Grand Egyptian Museum, set to officially open fully on July 3.
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1 month ago |
dailydispatch.co.za | Patrick Werr |Jaidaa Taha
Tourists stand next to museum exhibits displayed at the Grand Egyptian Museum, set to officially open fully on July 3, following a partial opening last year in Giza, on the southwestern outskirts of the capital Cairo, Egypt, on May 23 2025. Egypt has made progress towards macroeconomic stability and has been streamlining tax and customs procedures, but still needs to widen its tax base, the International Monetary Fund (IMF) said on Tuesday after a review mission to the country.
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#Egypt's #currency and #economy sadly getting pounded. https://t.co/MYkNAH8JXE

Turning to the 2004 reformers to solve #Egypt's latest crisis in the #economy. https://t.co/f0MZUAjBAy

RT @tekaldas: Deadly price gouging by capitalists is encouraging the state to acquire the means of production. 25.5% of American diabetics…