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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SAUDI ARABIA IS THE FIRST IN THE WORLD IN TERMS OF EASY INVESTMENT

Saudi Arabia has made qualitative progress, jumping 72 global ranks to become the first country in the world in terms of ease of doing...

Ashgabat plans to invest $300 mn by 2025 in textile sector

Turkmenistan is planning to allocate more than $300 million by 2025 for the implementation of more than 30 projects in the textile sector. Eighteen...

HIGH TARIFFS BAD FOR AFRICAN CONTINENTAL FREE TRADE AREA

Sometimes, depending on the tax policy of a given country, a tariff could be set as high as 60%. Even though several factors influence...

Global economy to slow, tensions to ease in 2020: report

Global economic growth is likely to fall to just over 3 per cent in 2019 and 2020 from 3.8 per cent in 2018, while...

China Aims to Double 2010 GDP Figures By 2020 End

China's top economic priority in 2020 is to build a moderately prosperous society in all respects with regulatory support, policymakers and analysts said recently....

AS IT SHARES RISE 10%, SAUDI ARAMCO BECOMES WORLD’S LARGEST LISTED COMPANY

As its shares rose by 10 % on stock market debut in Riyadh, the Saudi Aramco company has become the world’s largest listed company. According...

Egypt enjoys good investment opportunities

UAE Ambassador to Egypt Gomaa Mubarak said that there are many good investment opportunities in Egypt for UAE businessmen. Addressing the Egypt-UAE Forum for Trade...

Turkey keen to open Dhaka office to boost bilateral trade

Turkey is eager to set up its own office in Bangladesh on the lines of the Japan International Cooperation Agency and the Korea International...

Jordan plight of Bangladeshi garment workers

Garment workers from Bangladesh working in Jordan, the number of which is quite substantial, are faced with adverse working conditions affecting their mental and...

SABIC CEO urges concerted investment in Gulf partnerships

The petrochemicals and chemicals industry in the Middle East must invest collaboratively in partnerships and concrete, actionable ideas if it is to sustain future...
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