Sami Sharaf, a confidant of Egypt's late leader Gamal Abdel Nasser, has died. He was 94.
Official media reports said Sharaf died on Monday of an unspecified illness that affected him several months ago.
Sharaf's funeral took place on Tuesday at a mosque that sits on the side of Cairo's famous Salah Salem highway, a thoroughfare named after an army officer and a comrade of Abdel Nasser's. The mourners were led by the late leader's son, Abdel Hakim Abdel Nasser.
Born in 1929 in Cairo, Sharaf was one of six children born to an Edinburgh-trained surgeon who died in 1953. Sharaf was a graduate of Egypt's military academy, where he was instructed by Nasser.
He served in the artillery corps before he became one of the founders of Egypt's General Intelligence Directorate after the 1952 revolution that toppled a 150-year-old hereditary monarchy and turned Egypt into a republic that later embraced a socialist ideology.
Sharaf was named an aide to Nasser in 1955 before he became the Egyptian leader's private secretary and close confidante. He was appointed minister for presidential affairs just months before Nasser died in 1970.
Nasser's successor, Anwar Sadat, arrested Sharaf in 1971, along with dozens of other Nasser loyalists, whom he accused of plotting to overthrow his government. Sharaf was sentenced to life in prison but was pardoned in 1981, only months before Sadat was assassinated at a military parade in Cairo.
Sharaf chronicled his years of service as Nasser's secretary in a seven-volume memoir published after Sadat's death. It contained scathing criticism of Sadat's policies, including the shift into an alliance with the US that replaced Cairo's close ties with Moscow during the Nasser years.
He criticised Sadat for dismantling Egypt's state-controlled economy and replacing it with a system that left the poorer people at the mercy of market forces and gave rise to corruption.
Years and Days with Gamal Abdel Nasser confirmed Sharaf's media nickname as "Nasser's black box", a reference to his place at the heart of the Egyptian leader's inner circle.
The book touches on momentous events such as the 1956 Suez crisis and Egypt's stunning 1967 defeat at the hands of Israel.
The memoir, however, has been seen by many as a biased account of the era, casting Nasser in a positive light although in his later years in power, he oversaw Egypt's national and Arab nationalist dreams being crushed by the 1967 defeat.
Mohammed Fayeq, another former director of Nasser's office described Sharaf’s death as “a huge loss for the Nasserist ideology”.
"What distinguished Sharaf the most was his loyalty and faithfulness to his country and Gamal Abdel Nasser," he added.
"He never left his office to go home before making sure that the president had gone to sleep.”
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Favourite Emirati dish: I have so many because it has a lot of herbs and vegetables. Harees (oats with chicken) is one of them
Favourite place to go to: Dubai Mall because it has lots of sports shops.
Her motivation: My performance because I know that whatever I do, if I put the effort in, I’ll get results
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Pet peeve: That with every meal they give you a fries and Pepsi. That is so unhealthy
Advice to anyone who wants to be an ironman: Go for the goal. If you are consistent, you will get there. With the first one, it might not be what they want but they should start and just do it
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