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Investors Beware: Egypt's Revolution is Not Over

By Editorial Dept | Fri, 01 February 2013 20:20 | 0

In April, Egypt will hold crucial parliamentary elections. Preparations for this are being undertaken against an extremely volatile backdrop of violent protests, a state of emergency in three key provinces, weapons caches discovered in Cairo, and growing calls from radical Salafi forces who think the Muslim Brotherhood has far too moderate an agenda.

All of these should be warning signs for investors, if economic indicators aren’t enough.

Popular Uprising, Take II

A number of developments over the past months, weeks and days have triggered country-wide unrest in Egypt, which was already volatile.

•    The Muslim Brotherhood president made a very controversial power grab in order to push through an Islamist constitution that has sparked fears among Christians who have no rights under this constitution, and mass protests by those who originally launched the revolution

•    Muslim protesters attempted to storm a Coptic Christian church in Luxor in the country’s south and attacked Christian-run shops and Christian-owned vehicles after rumors that a Christian man had sexually assaulted a 6-year-old girl. Police dispersed the marauders with tear gas. Christians claim the accusations are false and purposefully intended to spark protests and violence, blaming a local Salafi group that is attempting to enforce its own brand of Sharia law in the area.

•    A Coptic man who…

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