Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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IMF: Global downturn ‘way worse’ than financial crisis

The COVID-19 pandemic has brought the global economy to a standstill and plunged the world into a recession that will be ‘way worse’ than...

EBA issue, COVID-19 exposing Cambodia’s weaknesses: AVI

The announced intention to scale back the European Union’s (EU) ‘Everything But Arms’ (EBA) preferential trade arrangement with Cambodia and the COVID-19 pandemic are...

IMPORTED CLOTHES IN THE REGION TO COST MORE AFTER TAX REVIEW

East African citizens will pay more for imported clothes should governments go ahead with plans raise taxes on imported textiles by between 30 and...

US Textile-Apparel Fibre Imports Rise in 2019

US net textile and apparel fibre imports increased for the third consecutive year in calendar 2019, as consumer demand for clothing remained strong. Net...

25 mn jobs could be lost worldwide due to COVID-19: ILO

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by...

Imran Khan Says Increasing Exports Pakistan’s Top Priority

Raising exports is the top priority of Pakistan, which is revamping the economy, according to Prime Minister Imran Khan, who said economic targets will...

COVID-19 likely to cost economy $1 trn in 2020: UNCTAD

The novel coronavirus COVID-19 outbreak could cost the global economy up to $1 trillion this year, according to a recent report released by the...

15 of The Middle East’s Most Sustainable Companies

Among the standard tales of political gameplay, trade movements and health scares that regularly hit the headlines, these days you’d be hard-pressed to go...

Iran’s Exports of Petrochemical Products Rises by 5%

Iran’s petrochemical exports during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) rose by 5 per cent over...

GHANA WASTE EXPOSÉ: RECYCLING ASSOCIATION LAMBASTS DUMPING

The UK’s Textile Recycling Association (TRA) has reiterated that there should be no waste within shipments of clothes sent to African retail markets, after...
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