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UAE + Egypt ink taxation agreement: Egypt and the UAE have signed an agreement on preventing double taxation and income tax evasion to boost bilateral investment, according to a statement released earlier this week. The agreement was inked during the Arab Fiscal Forum in Dubai by Egyptian Finance Minister Mohamed Mait, who highlighted the need to simplify tax and customs processes for UAE investors in Egypt.
The Suez Canal Economic Zone (SCZone) is set to launch a promotional tour to Belgium to drum up investments for targeted sectors, according to a statement released last week. The news came following a meeting between chairman of the General Authority of the SCZone Waleid Gamal Eldien and Ambassador of Belgium to Cairo François Cornet to discuss boosting collaboration between the two countries.
