An Egyptian-Omani joint fund? Oman and the Sovereign Fund of Egypt are looking into establishing a joint investment fund, which would participate in the state offering program and invest in projects across Egypt, General Authority for Freezones and Investment (GAFI) head Hossam Heiba told CNBC Arabia (watch, runtime: 6:14), refusing to disclose the fund’s value.

The idea was floated almost four years agoby Planning Minister Hala El Said, who said that the SFE was in talks with the Oman Investment Fund to set up a joint investment platform.

Egypt, Oman ink dual taxation agreement: Egypt and Oman yesterday signed an agreement to eliminate double taxation and crack down on tax evasion, the Finance Ministry said in a statement. The two countries also signed an MoU to cooperate on financial policies in a way to boost economic relations =develop joint investments, the ministry said, without giving further details. Finance Minister Mohamed Maait and his Omani counterpart Sultan bin Salim Al Habsi inked the agreements on the sidelines of the Egyptian-Omani business forum. The forum was held during day two of Omani Sultan Haitham bin Tarek’s two-day visit to Egypt, where he met President Abdel Fattah El Sisi.

Remember: Egypt recently signed a similar tax agreement with Qatar.

MEANWHILE- The UAE International Investors Council and the Egyptian-Emirati Business Council inked an MoU aimed at facilitating investment in green projects and tech in the two countries, Emirati new agency WAM reported. Under the agreement, the two sides will arrange business meetings and facilitate the exchange of information with the aim of stimulating new investment.

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