Economy News

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement (FTA), which is set to enhance bilateral trade, improve market access,...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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...

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...

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Iran, Austria stress expansion of economic relations

TEHRAN- During a meeting between Iran's new Ambassador to Austria Abbas Ardakani and the Austrian Deputy Minister for Economic and Digital Affairs Michael Sterl,...

Relationship of the Islamic Development Bank Group with the Republic of Yemen

Islamic Development Bank Group :Dr Hajjar: We are committed to support the Yemeni people in meeting their aspirations. Our total financings for the country...

Tehran to host intl. paper exhibition next week

TEHRAN- Iran’s 3rd International Specialized Exhibition of Paper , Cardboard, Cellulose Products and Related Machinery will be held at the Tehran Permanent International Fairgrounds...

Somalia: China Rejects Taiwan Bid for Diplomatic Relations With Somaliland

The East African (Nairobi) - By Abdulkadir Khalif Mogadishu — China has criticised a bid by Taiwan to establish diplomatic relations with Somaliland, the breakaway...

IsDB Group News Report on its Engagement with Sudan

The Islamic Development Bank (IsDB) reaffirms its determination to support Sudan in combating COVID-19, overcoming its economic challenges and achieving the sustainable development goals...

Iran’s exports to Turkey running via road, railway

TEHRAN- The chairman of Iran-Turkey Joint Chamber of Commerce told IRNA on Saturday that Iran’s export to Turkey is continuing via the roads and...

IsDBG Private Sector Action Response to COVID-19

Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting  to Host a Live Webinar The webinar entitled, “IsDB...

Saudi Arabia Hikes VAT, Customs Duties

The Saudi Arabia government has announced customs duties increases on about 3,000 goods, effective 10 June 2020. The rate hike, revealed on 27 May...

Azerbaijan Chamber of Commerce & Industry plans to take part in European project

The Azerbaijan Chamber of Commerce and Industry plans to take part in the European Chamber's project within Eastern Partnership (EaP), Azerbaijan’s chamber. The organization is...

Iran exports $800m of goods to Iraq in a month

TEHRAN – Iran’s non-oil exports to Iraq in the Iranian calendar month of Ordibehesht (April 20-May 20) reached $800 million, Tasnim news agency reported,...
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