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Egypt’s Economy on the Brink

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Posted: March 30th, 2016

Confronted with instability in neighboring Libya, a civil war to its south in Sudan, and an ISIS affiliate taking root in the Sinai Peninsula, Egypt’s deteriorating security environment has pushed the country’s economy to the brink. Yesterday’s hijacking of an EgyptAir flight, which comes six months after the downing of a Russian airliner over the Sinai, serves as yet another caution flag to prospective investors and visitors seeking to engage with Egypt.

With Egypt’s economy in a dire state, Egyptian President Abdel Fatah al-Sisi reshuffled his cabinet last Wednesday and appointed ten new ministers in hopes of reviving his country’s financial, investment, and tourism portfolios.

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Categorized as:Middle East ReportingTagged with:

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