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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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In October 2020, Turkey’s textile exports rose by 14.7%

In October 2020, Turkey’s textile exports rose by 14.7% in comparison with its predecessor month and by 9% in comparison with the previous year,...

Ethiopia’s war risks leaving manufacturing dreams in tatters

By Ruma Paul, Anna Ringstrom and Joe Bavier ADDIS ABABA (Reuters) - When Bangladeshi textile firm DBL set up shop in Ethiopia two years ago,...

An economic recovery could happen sooner than we think

Below we bring you a good news story. If accurate this is a very welcome read during a time of much gloom and doom. The...

Angolan, Turkish Businesspeople Bet On Strengthening Cooperation

Cooperation between Angola and Turkey may contribute to reversing the import scenario and boost national production, the participants at the Business Forum between the...

TURKEY BECOMES THE WORLD CHAMPION IN GROWTH

The Turkish economy grew beyond expectations with 6.7% in the third quarter. Ranked first upon this rate, Turkey is followed by China with a...

Kenya’s Kirinyaga county to revive Mwea Cotton Ginnery

The government of Kenya’s Kirinyaga county is planning to revive the Mwea Cotton Ginnery to support cotton farmers whose number has risen after the...

Morocco signs 17 investment agreements to boost industry

Morocco signed 17 investment agreements worth $93.6 million recently to boost the industrial sector, hit by the pandemic. These include four memoranda of understanding (MoUs)...

AFCFTA TO PROVIDE BUSINESS OPPORTUNITIES TO AFRICAN COUNTRIES

The African Continental Free Trade Agreement (AfCFTA) will provide business opportunities that will enable African countries to lift citizens of the continent out of...

Ethiopia freezes bank accounts of companies ‘financing TPLF’

By AGGREY MUTAMBO The Ethiopian government on Tuesday froze bank accounts of businesses linked to leaders of the Tigray People’s Liberation Front. The Federal Attorney General...

Turkish exports to Balkan countries top $10 billion as of Oct. 31

Turkey's exports to Balkan countries exceeded $10 billion from January through October this year, according to official data, with sales in some markets seeing...
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