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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Siemens Energy signs Al Hamudhia 400kV Substation contract with Iraqi Ministry of Electricity

• Providing reliable power supply to Ramadi, Fallujah, Saqlawyah, Khalediyah cities and surrounding areas in Al Anbar governorate • Enabling efficient transmission and higher utilization...

Iran’s industry sector experienced a 2.1-percent growth during the past year

Iran’s industry sector experienced a 2.1-percent growth during the past Iranian calendar year (ended on March 19) as the country managed to support and...

Aramco Acquires 70% Stake in SABIC from Saudi Arabia’s PIF

Saudi Aramco recently announced it has acquired a 70 per cent stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF),...

Angola: Free Zones to Facilitate National Investors

The Angolan Government has reaffirmed its commitment to accelerating economic growth through the creation of free trade zones, which will offer national and foreign...

Iran’s economy and the new parliament

Iran's parliament initiated its new term on May 27 as Iran's economy faces significant challenges. Although the prevalence of the Covid-19 virus has pushed...

Making Shahr-e-Aftab an FTZ on agenda

TEHRAN – Making Iran’s Shahr-e Aftab International Exhibition Center a free trade zone (FTZ) is on the agenda, the center’s managing director announced. Mohammad-Raouf Ghaderi...

Coronavirus cuts Iran’s GDP by 15%

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand said coronavirus pandemic has caused the country’s gross domestic product (GDP) to shrink 15...

Turkey will be new normal global production hub

As the world emerges from the novel coronavirus pandemic in the period of "new normal" Turkey will be an alternative global power in production,...

Turkey’s exports ‘left worst behind’ in April: Minister

The Turkish exports neared $10 billion last month in the shadow of the coronavirus pandemic, down 40.9 percent from the same month last year,...

JAFZA CONDUCTS MASSIVE DISINFECTION DRIVE EQUIVALENT OF STERILISING 462 SOCCER FIELDS

The Full-Scale Disinfection Drive Aims To Facilitate Over 8,000 Companies Resume Full Operations in Dubai Dubai, United Arab Emirates, 3rd of June 2020: Jebel Ali...
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