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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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...

Closing Report MUNICH FABRIC START SPRING / SUMMER 25

After three successful days, the international fabric show MUNICH FABRIC START ended its run for the Spring.Summer 2025 season yesterday. The denim trade show BLUEZONE...

Rieter: First Information on the Financial Year 2023

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total...

Turkey-Georgia Trade Volume Aims for $5 Billion in 2024

The Foreign Economic Relations Board (DEİK) Turkey-Georgia Business Council President, Osman Çalışkan, announced that the trade volume between Turkey and Georgia is anticipated to...

Turkey Announces List of Target Countries for Export Support in 2024

In a communication received by our company from the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Ministry of Commerce has disclosed...

Texworld NYC and Apparel Sourcing NYC Unveil Next-Level Special Features for January Event

Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a spectacular...

VITAS Aims for $44 Billion Textile & Apparel Exports by 2024 Amid Positive Growth

The Vietnam Textile and Apparel Association (VITAS) has announced an ambitious goal of reaching $44 billion in revenue from textile and apparel exports by...

Paramount Textile’s Q1 Profits Dwindle as Global Recession Stifles Export Goals

Paramount Textile Limited faced a 14% year-on-year decline in net profit during the first quarter (July-September) of fiscal year 2024, attributing the decrease to...
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