Dim Economic Prospects in Egypt Without Improved Security

Posted: March 29th, 2016

By Yeganeh Morakabati

Dr. Yeganeh Morakabati is an Associate Professor at Bournemouth University who specialises in the analyses of risk perceptions, terrorism and political conflict. As a quantitative researcher Yeg covers major issues facing the world today, including the impacts of terrorism, the migration crisis as well as looking at some of the fundamental issues facing countries in the MENA region as they struggle for stability. She has written academic articles and book chapters on the topics and conducted research in this area for organisations such as the UN WTO.

Egypt’s economy remains in a dire state primarily due to the fall in global oil prices, which has led to a decline in foreign direct investment in Egypt. Meanwhile, the region’s unstable security environment has devastated Egypt’s tourism industry, explains Dr. Yeganeh Morakabati and Dr. John Fletcher of Bournemouth University. While the cabinet reshuffle implemented by Egyptian President Abdel Fatah al-Sisi last week may help point Egypt back in the right economic direction, Egypt’s fiscal woes will only subside when the security situation improves and when economic diversification becomes a priority, according to these two experts.

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