Egypt’s UAE Tax Exemptions: Fuelling Gulf Dominance

Cairo prioritises UAE interests while a third of Egyptians live in poverty.

Image: VoxDev

Egypt’s House of Representatives has approved a controversial tax exemption agreement for Abu Dhabi Developmental Holding Company (ADQ) and the Sovereign Fund of Egypt, touted as a catalyst for economic development. Far from fostering broad-based growth, this policy accelerates the transfer of public assets to elite capital networks, raising concerns about Egypt’s fiscal sovereignty and its capacity to sustain essential public services.

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