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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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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...

Closing Report MUNICH FABRIC START SPRING.SUMMER 25

Looking to the future with cautious optimism After three successful days, the international fabric show MUNICH FABRIC START ended its run for the Spring.Summer 2025 season...

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...
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