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Economy News

Boosting the Middle East and African Textile Sector: Insights from Groz-Beckert

In recent years, the textile and garment industry has emerged as a pivotal contributor to the economies of many countries in the Middle East and Africa. This sector not...

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,...

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...

Vandewiele Group Showcases Textile Innovations at Techtextil 2024

VANDEWIELE team is delighted to welcome its customers again at the next edition of the Techtextil exhibition, in...

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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...

UAE’s First Integrated Battery Recycling Plant Unveiled as Dubatt Invests AED 216 Million at Dubai Industrial City

Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai...
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