Egypt maintained a policy of antagonism at arm's length toward Ethiopia throughout Husni Mubarak's presidency. This pattern changed immediately following Mubarak's ouster. The burst of rapprochement and diplomatic activism that took shape in the spring of 2011 signaled a fundamental shift in the content and form of Egyptian policy vis-à-vis Ethiopia, which was reflected in President Muhammad Mursi's reluctance to respond belligerently to Ethiopian initiatives 2 years later that threatened to diminish the northward flow of the Nile. Cairo's evident restraint during the Mursi era cannot be explained by a change in the strategic circumstances that confronted Egyptian policy-makers. A more promising explanation can be found in a reformulation of desecuritization theory, which highlights the internal dynamics whereby potentially dangerous aspects of a country's external environment get transformed into matters of routine political contestation.