
SCZONE chief discusses strengthening maritime, logistics cooperation with Panama
Gamal El-Din emphasized that the discussions align with SCZONE's ongoing efforts to expand its international partnerships and open new markets. He added that this strategic approach supports the Authority's integration across various industries and supply chain networks. Strengthening economic and investment ties with Latin American countries, especially Panama, was highlighted as a key priority.
Further, Gamal El-Din underlined the investment opportunities within SCZONE and the region's competitive advantages, such as its prime location, cutting-edge infrastructure, and seamless integration between ports and industrial zones. He also stressed the importance of cooperation in key sectors, particularly maritime and logistics, given their central role in positioning the SCZONE as a global trade and logistics hub.
Ambassador Ricardo Icaza reiterated Panama's eagerness to enhance cooperation with SCZONE. He highlighted the shared significance of the Panama Canal and the Suez Canal Economic Zone as vital trade corridors, emphasizing their potential to serve as a model for global supply chain integration.
This meeting is part of SCZONE's ongoing promotional efforts with diplomatic missions, international companies, and institutions to showcase investment opportunities and foster strategic partnerships in targeted sectors.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily News Egypt
4 hours ago
- Daily News Egypt
Egypt imports 345,000 tonnes of food, agricultural products in one week
The National Food Safety Authority has announced that Egypt received approximately 2,060 food shipments last week, with a combined weight of around 345,000 tonnes, imported by 910 companies. According to a report issued by the Authority's media centre, the imports included wheat, various oils, local fava beans, and soybeans. Ukraine topped the list of exporting countries to Egypt during the week, followed by Russia, Indonesia, and the United States, out of a total of 84 countries supplying food products to the Egyptian market. Alexandria Port remained the primary gateway for incoming food shipments, handling 660 shipments. It was followed by Cairo International Airport with 510 shipments and Ain Sokhna Port with 265. In terms of customs clearance, 1,064 food shipments were released under provisional (temporary) clearance, while 475 shipments were processed through the fast-track release system. The Grievance Committee also issued incident reports for 90 shipments during this period, and 85 import licences were granted to importers. Meanwhile, the Authority reported that, according to the General Administration for Exports and Imports, Egypt exported around 165,000 tonnes of food products last week through 3,810 shipments handled by 1,250 exporting companies. These exports covered roughly 644 types of food items, including vegetables and tubers, processed vegetables and fruits, flour and grain products, among others. Among vegetable exports, beans of various types ranked first with 8,000 tonnes, followed by potatoes at approximately 7,000 tonnes, and mixed frozen vegetables at 6,000 tonnes. In total, 50 different vegetable products were exported, amounting to around 45,000 tonnes. As for fruits, strawberries led with a total of 10,000 tonnes exported last week, followed by mangoes and red grapes at roughly 5,000 tonnes each. Altogether, 30 types of fruits were exported, totalling around 26,000 tonnes. Egyptian food exports were distributed across 170 international markets during the week, with Sudan, Saudi Arabia, the United States, and Russia among the top importers. Regarding export terminals, Alexandria Port again topped the list with 710 export shipments, followed by Damietta Port with 449 shipments and Cairo International Airport with 435. To support food exports, the Authority issued 750 health certificates last week under the system introduced earlier this year, aimed at ensuring compliance with food safety standards and boosting international confidence in Egyptian products.


Mid East Info
9 hours ago
- Mid East Info
28,000 beneficiaries from 85 awareness activities conducted by the Federal Tax Authority across all UAE emirates during the first half of this year
FTA continues plans to support the objectives of the second cycle of the Zero Government Bureaucracy Programme Abu Dhabi,August 2025: The Federal Tax Authority FTA has reaffirmed its continued efforts to enhance and diversify its awareness campaigns and communication channels to effectively reach all stakeholders involved in tax implementation. This aims to strengthen engagement with taxpayers and beneficiaries across all emirates of the UAE, while highlighting the Authority's continuously expanding range of services. The FTA stated that over the past year and the first half of the current year, several innovative campaigns, programmes, and activities have been launched to meet the tax awareness needs of the business community and various segments of Emirati society. The FTA announced that it conducted 85 awareness activities during the first half of 2025, benefiting 28,000 participants, marking a 21% increase compared to 70 activities held during the same period in 2024. The increased number of workshops aims to ensure there are no gaps in tax-related knowledge. According to the Authority, 53 virtual events were conducted in the first half of 2025, compared to 43 in the same period in 2024, while 24 in-person events were held, down slightly from 27 events during the first half of last year. The FTA confirmed that it continues to advance its plans in support of the second cycle of the Zero Government Bureaucracy Programme. These efforts are focused on enhancing digital integration with relevant authorities, continuously improving users' digital experiences. The Authority also explained that its awareness activities including its Customer Councils, which are held across all emirates focus on organising consultative sessions and dialogues with representatives from the business community and stakeholders. These sessions are designed to gather input and suggestions regarding the FTA's initiatives and projects aimed at reducing unnecessary tax procedures, eliminating repetitive or redundant requirements, enhancing government integration, promoting data sharing. Zahra Al Dahmani, Director of Taxpayer Services at the FTA, stated: 'As part of our ongoing efforts to diversify awareness tools and communication channels in line with current needs, we continue to engage the business community by incorporating their ideas and suggestions into the FTA's sustainable development plans. These efforts are aimed at maintaining the highest levels of efficiency, quality, and flexibility while simplifying and streamlining procedures.' She added: 'The FTA has launched new awareness campaigns and programmes to introduce its services and initiatives and has continued to expand its core awareness activities. Key initiatives introduced include the 'Tax Talks' workshops, which benefited 72 participants through three sessions; two workshops on 'Tax Certificates', which served 1,330 participants; six workshops on the 'EmaraTax' digital tax services platform, which attracted 2,044 participants; and two workshops on 'Tax Updates', with 1,824 participants during the first half of 2025.' Al Dahmani emphasised that the FTA's awareness efforts highlight the ongoing legislative and procedural developments in the tax system, as well as the various digital transformation projects launched by the Authority. These projects aim to accelerate service delivery, reduce paper-based processes, minimise documentation requirements, and provide more accessible and efficient services all with the goal of delivering tangible results in a short timeframe. About Federal Tax Authority: The Federal Tax Authority was established under Federal Decree-Law No. (13) of 2016 with the aim of supporting the UAE's strategy to diversify the national economy and increase non-oil revenues. The FTA is responsible for the administration and collection of federal taxes based on international best practices and standards. Since its inception in 2017, the FTA has worked in collaboration with competent authorities to build a comprehensive and balanced tax system, making the UAE one of the first countries in the world to implement a fully electronic tax system that encourages voluntary compliance. The system offers streamlined procedures from registration to filing tax returns and paying due taxes through the Authority's website:


See - Sada Elbalad
3 days ago
- See - Sada Elbalad
SCZone Chief Lays Foundation for Two New Chinese Textile Projects Worth $55 Million
Taarek Refaat Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZone) witnessed the groundbreaking ceremony for two new Chinese textile projects in the industrial developer 'TEDA–Egypt' zone in Ain Sokhna, marking a fresh wave of foreign investment into Egypt's manufacturing sector. The projects, with combined investments exceeding $55 million, are set to create hundreds of direct and indirect jobs, while strengthening Egypt's presence in global textile supply chains. The first project, led by Bridge-Tex, involves the construction of a fully integrated textile complex on a 40,000-square-meter plot. With an investment of over $25 million, the facility will house 18 spinning lines, more than 100 fabric production lines, and six printing and dyeing lines. Once fully operational, the plant is expected to produce 25 million meters of high-quality fabrics and 105,000 tons of fibers annually, generating around 500 direct jobs and 1,000 indirect jobs. The second project, developed by F-TEX International, will be built on 55,000 square meters with 60 production lines for drawn textured polyester yarn (DTY). The $30 million facility is projected to reach full operational capacity by late 2027, with an annual production target of 130,000 tons and 400 direct jobs, contributing an estimated $150 million in annual export revenues. Gamal El-Din emphasized that these projects reflect growing international investor confidence in the SCZONE and the success of the partnership with TEDA–Egypt. He highlighted ongoing talks with Chinese partners to allocate an additional 10 km² for industrial development, following the near-completion of earlier expansion phases. 'These projects will not only add significant value to the local economy and create jobs, but also enhance Egypt's industrial integration and global supply chain competitiveness,' Gamal El-Din said, noting that SCZONE attracted $8.6 billion in investments across 297 projects over the past three years, including $4.4 billion in the last fiscal year alone. Representatives from both companies highlighted the export-oriented nature of the projects, with 80% of output destined for U.S. and European markets. Bridge-Tex expects annual sales of $120 million, with $100 million in foreign currency inflows, while F-TEX executives framed the project as a symbol of Sino-Egyptian textile cooperation, combining Chinese technology with Egyptian labor to achieve sustainable growth. The two projects are expected to boost Egypt's textile exports, potentially helping the country surpass $10 billion in annual textile export revenues, according to company statements. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Arts & Culture Lebanese Media: Fayrouz Collapses after Death of Ziad Rahbani Sports Get to Know 2025 WWE Evolution Results