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Economic Prospects Improving

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Posted: March 30th, 2016

By Amr Adly

Dr. Amr Adly is currently a non-resident scholar at Carnegie Middle East Center. He worked as a postdoctoral fellow at the Center on Democracy, Development, and the Rule of Law at Stanford University. He has a PhD in political economy from the European University Institute-Florence.  Adly is the author of State Reform and Development in the Middle East: Turkey and Egypt in the Post-Liberalization Era (Routledge, 2012).

The cabinet reshuffle implemented by Egyptian President Abdel Fatah al-Sisi last week aims to reinvigorate Egypt’s floundering economy, explains Dr. Amr Adly of the Carnegie Middle East Center. According to Adly, the individuals appointed by Sisi are “high-profile business people” that maintain “dense connections with business circles in Egypt as well as throughout the Arab world.” These changes may lead to an increase in the privatization of state owned enterprises in Egypt and consequently, new opportunities for U.S. businesses in the country.

The Cipher Brief: Last week Egyptian President Abdel Fatah al-Sisi reshuffled his cabinet in an effort to revive Egypt’s drowning economy. Why did Sisi select those specific individuals as part of his new cabinet?

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Categorized as:Middle East ReportingTagged with:

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