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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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Egypt Expects Construction to Start on Russian Industrial Zone by Mid-2024

Egypt expects construction works would begin on Russia’s sprawling industrial zone in the North African country by mid-2024, government sources with knowledge told Amwal...

Is Pakistan Moving Towards a Dollarized Economy?

Imagine living in a country which sees an annual food inflation of over 50%. Currency collapse or the daily price change for many developing...

Is South Africa’s Hospitality Sector Facing a PR Crisis?

The reality is that the hospitality sector is facing a persisting PR crisis. This crisis is rooted in perceptions formed way before our nation...

Iranian Exports to Russia Increase by 30%

Iranian exports to Russia increased last year by 30% compared to the previous Iranian calendar year. According to the official statistics from Customs, more than...

Trade exchanges between Iran, Zimbabwe to increase to $500M

Iranian Minister of Cooperatives, Labor, and Social Welfare Solat Mortazavi predicted that trade exchanges between Iran and Zimbabwe would increase to more than $500...

BRICS Membership Expands Iran’s Economic Ties: Businessman

He emphasized the importance of Iran becoming an official member of international and regional organizations such as BRICS, following its accession to the Shanghai...

Textile SIT to Target Serial Defaulters

The Special Investigation Team (SIT) formed to probe cases of fraud in the textile industry has shelved more than 1,000 applications which were around...

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...
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