Economy News
Economy News
Egypt Aims to Triple Foreign Direct Investment to $30 Billion
In a bold move, Egypt's newly formed cabinet has set an ambitious target to triple foreign direct investment (FDI) from last year’s record $10 billion to $30 billion in...
Economy News
From Retailers to Farmer Organisations, Better Cotton Council Welcomes New Appointments
I’m excited to welcome our new co-chairs and members to the Better Cotton Council. Their experience, insights and...
Economy News
Italian Textile Machinery: Orders Still Declining in 2024 Second Quarter
In the second quarter of 2024, the order index for Italian textile machinery, as reported by the Economics...
Economy News
READY TO SHOW at MILANO FASHION & JEWELS – SAVE THE DATE Sept 14-17, 2024 at FIERA MILANO-RHO Hall 10
READY TO SHOW was created as the first sourcing tradeshow in Italy to give international producers of apparel,...
Economy News
Shrinkage in EC and Decrease in Turkish Export
The contraction in European economies also caused damage to the exports of Turkey, one of the main suppliers...
Famous Embroidery Machine Brands Such as Sinsim, Promaker, Yuemei, ZSM, Qichuang, Raynen, Dahao, Yonthin., etc Will be Present in ITCPE 2024.
As the textile printing industry flourishes, a growing number of enterprises are strategically leveraging exhibitions to showcase their distinct capabilities and pioneering advancements.
In this...
Afreximbank’s Fund for Export Development in Africa Inaugurates Kigali Office with Eye on Addressing Africa’s $110 Billion Equity Financing Shortfall
The inauguration, which took place at the Radisson Blu Hotel and Kigali Convention Centre, was witnessed by over 150 guests drawn from the Rwandan...
Global Carpet Yarn Market Resilience Amidst Pandemic
Despite the ongoing challenges posed by the COVID-19 pandemic, the global carpet yarn market is not just weathering the storm but poised for remarkable...
Coats Digital Shortlisted for Five Accolades at the UK’s National Technology Awards 2024
Coats Digital’s unique, time-cost benchmarking solution, GSDCost, has been recognised for delivering real ROI, whilst supporting a more collaborative, transparent and sustainable global fashion...
Iran’s Agrofood Exports to EAEU Surge, Led by Russia
Rouhollah Latifi, a senior official with the Central Organization for Rural Cooperatives of Iran, revealed on Sunday the significant role of agrofood products in...
Uzbekistan Aims to Enhance Tech Cooperation with Iran, Eyes $1 Billion Investment in 2024: Ambassador
Uzbekistan's ambassador to Iran revealed on Thursday plans to intensify collaboration with Iran in the technology sector, aiming to significantly increase bilateral investment to...
Turkey’s BOTAS and Egypt’s EGAS Forge Partnership to Enhance Energy Cooperation
In a significant stride towards bolstering regional energy ties, Turkey's state energy company, BOTAS, announced on Thursday a collaborative breakthrough with Egypt's state-run natural...
Nigeria’s Inflation Hits 29.90%, Reaches Highest Level Since Mid-1996
According to recent data released by the National Bureau of Statistics, Nigeria's headline inflation rate surged to 29.90% in January 2024, marking the highest...
Turkey Plans to Establish Industrial Zone in Egypt
The Chamber of Commerce and Industry in Bursa, Turkey, has revealed its intentions to establish an industrial zone in Egypt, following discussions held during...
International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan
The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country
The International Islamic Trade Finance Corporation...