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Economy News

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the Belgian textile industry managed a stable turnover, recording €5.1 billion—a slight drop of 0.4% compared to 2022. While volume dropped...

Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa

In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has...

Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024

Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement...

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Saudi Arabia to sell 1% of Aramco to foreign investor: MBS

Saudi Arabia is in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company, the kingdom’s crown prince...

Preferential trade deal expansion priority for Turkey, Iran

Finalizing ongoing negotiations with Iran for the expansion of the Preferential Trade Agreement is a priority for Turkey, Energy and Natural Resources Minister Fatih...

250 participants take part in virtual textile expo

‘Textile Exchange 2021,’, a business to business platform, saw more than 250 participants at its two-day virtual expo that concluded on Saturday. Hosted by Supporting...

Uzbekistan joins EU’S GSP+ arrangement

Uzbekistan has gained privileges for duty-free exports to the EU through GSP Plus scheme. It came into force on April 10, the Ministry of...

Tunisia: reported investment in industry down 27.3% in Q1 2021

Reported investments in the industrial sector have dropped by 27.3% in the first quarter (Q1) of 2021, to 724 million dinars (MD) compared to...

Zimbabwe: Global Fund Invites Govt to Apply for U.S.$75 Million Grant Access

By Alois Vinga International financier, Global Fund (GF) has invited Zimbabwe to submit a funding request in order to access the US$75 million Covid-19 Response...

Turkey, Egypt to benefit from cooperation on East Med

As Ankara and Cairo adopt a more reconciliatory tone and are scheduled to meet next month, experts point out that cooperation in the Eastern...

Morocco Second Largest African Investor in France in 2020

Rabat – In 2020, Morocco became the second biggest African investor in France, representing a 0.5% share of France’s total foreign investment. According to Foreign...

India-UAE-Israel trilateral trade could reach $110 bn by 2030

Tapping into the mutual strengths of India, Israel and the United Arab Emirates could propel the trilateral trade among these nations to $110 billion...

Exclusive exhibition of Iranian products to be held in Sulaymaniyah

TEHRAN- An exclusive exhibition of Iranian products is planned to be held in Sulaymaniyah of Iraqi Kurdistan in late May. Iran had also held an...
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