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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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Pakistan-Italy MoU to expand economic, trade cooperation

Pakistan-Italy MoU :: Pakistan and Italy recently signed a memorandum of understanding (MoU) to enhance economic and trade cooperation in various sectors including agriculture, textile, clothing, leather,...

1st specialized free zone for textile industry in Egypt

The world’s first specialized free zone for the textile industry is under construction in Egypt’s Minya Governorate, the chief executive officer of the General...

Morocco’s Exports to Spain up 6.7 % in First Seven Months of 2018

Morocco’s exports to Spain increased by 6.7% in the first seven months of 2018 compared with the same period last year, the EU statistics...

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman Mohamed Alabbar and Saudi Arabia's sovereign wealth fund, has entered into a partnership with...

Russian giant mining co. ready to commence co-op with Iran

Ural Mining and Metallurgical Company (UMMC), one of the top Russian producers of major minerals including copper, zinc, coal, gold and silver, has voiced...

Non-oil trade balance close to $1b in 2 months

Iran’s non-oil trade with other countries registered a $942 million positive balance in the two-month period from March 21 to May 21, Tasnim news...

Another wasted opportunity for Iran’s economy

Iran is loaded with economic potential, but as President Donald Trump pulls out of the multi-stakeholder P5+1 agreement, it is difficult to see whether...

EU commissioner in Iran in bid to protect trade ties

EU Energy Commissioner Miguel Arias Canete arrived in Tehran on Saturday to present plans for continuing oil and gas purchases and protect European companies...

Turkey’s lira hits record low, Fitch sounds alarm over Erdogan’s policy drive

See More : Turkey Textile News Turkey’s lira hit a record low for the third straight session on Tuesday, battered by deepening concerns about President...

Islamic economy generates 8.3% of Dubai’s GDP

The contribution of the Islamic economy to Dubai’s gross domestic product (GDP) increased from 7.6 per cent in 2014 to 8.3 per cent in...
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