Economy News

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed a new trade incentive program aimed at strengthening domestic manufacturing, expanding...

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

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Pakistan’s Textile Exports Fall 6% Year-on-Year in August, Clock in at $1.48bn: APTMA

Pakistan's textile sector experienced a decline in exports, with August figures at $1.48 billion compared to $1.58 billion from the previous year, marking a...

Iran, Qatar Stress on Developing Cooperation, Especially in Labor, Employment Fields

Iranian Minister of Labor and his Qatari counterpart emphasized the expansion of cooperation in fields of labor, employment, and exchange of skill training experiences. On...

TEXWORLD NYC: Your Gateway to Global Textile and Apparel Sourcing

Twice a year in New York City, thousands of international exhibitors gather to connect with buyers for the largest sourcing event on the East...

Prashanta Group Celebrating 1000 M/Cs in Surat

Prashant Group; comprises of India’s premier engineering companies, offers One-stop solution in the field of weaving preparation & logistics with a strong commitment to...

Iran, Saudi Arabia Stress Need for Signing investment, Customs, Trade Agreements

Iranian Minister of Economic Affairs and Finance, Ehsan Khandozi met with Mohammed Al-Jadaan, Minister of Finance of Saudi Arabia at the sideline of 2023...

Armenia Seeking Access to Arab Markets, India through Iran

“Armenia and Iran attach great importance to the prospect of carrying out shipments through the Persian Gulf-Black Sea logistic route, and the Armenian side...

OETI and MeineRaumluft Join Forces for a Healthy Indoor Climate

The leader in the field of indoor air certification in Austria, ‘OETI - Institute for Ecology, Technology and Innovation’ (or OETI for short), is...

First Transit Train from Russia to Saudi Arabia Arrives in Iran’s Southern Port

The train will Bandar Abbas leave for Saudi Arabia after completing legal formalities, according to Ali-Reza Nasiri Barazandeh, the caretaker of the Railway Department...

Iran’s Handicrafts Exports at Nearly $300mln Per Year

The main destinations for these exports are the Persian Gulf littoral states and Iraq, said Mohamad-Hossein Askarpour, a senior official from Iran's Ministry of...

Bursa Textile Show Fair (BURTEX) Open Its Doors to Textile Professionals

Today The 9th edition of the Bursa Textile Show Fair successfully united industry leaders and international business experts. Hosted by KFA Fuarcılık with the...
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