Dim Economic Prospects in Egypt Without Improved Security

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.

The Cipher Brief: Why did Egyptian President Abdel Fatah al-Sisi make these specific appointments to his cabinet?