Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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READY TO SHOW at MILANO FASHION & JEWELS at FIERA MILANO-RHO Hall 10

READY TO SHOW was created as the first sourcing tradeshow in Italy to give international producers of apparel, knitwear and fashion accessories direct access...

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 of the region. The cost of...

Sentiment in Turkish Textile Industry Hits New Lows

The Turkish textile industry is experiencing significant upheaval as rising costs and labor expenses push manufacturers to relocate operations abroad. This trend comes amid...

Afreximbank Inaugurates FEDA Office in Kigali to Drive Africa’s Economic Transformation

Strengthening Intra-African Trade and Industrial Development The African Export–Import Bank (Afreximbank) has officially inaugurated the headquarters of its Fund for Export Development in Africa (FEDA)...

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...
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