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’s exports to Germany up 35% in 2017

Iran’s exports to Germany :: TEHRAN- Iran’s annual exports to Germany has witnessed a 35-percent growth in 2017, according to the vice chairman of...

Iran-Czech business forum due in late April

Iran-Czech business forum will be held on April 24 at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the portal...

UAE to adopt policies for sustainable development

The UAE must focus on trade and investment policies to achieve sustainable growth even as Foreign Direct Investment (FDI) rose, Economy Minister Sultan Al...

UAE to maintain lead as top FDI recipient in Arab world

The UAE is set to maintain its lead in attracting the highest amount of Foreign Direct Investment (FDI) in the Arab world, Sultan Bin...

Tehran Hosting Iran-Iraq Business Forum

The two day Iran-Iraq business forum kicked off at the Tehran’s Summit Conference Hall on Sunday, IRNA reported. As reported, Iran’s Vice President for Economic...

Sabic to Boost Chemical Output 70% by 2025 With New Plants

Saudi Basic Industries Corp plans to boost production capacity 70 per cent by 2025 as the Middle East’s dominant chemical maker works with new...

UAE to participate in joint meeting of Arab financial institutions

The Ministry of Finance (MoF) is participating in the joint meeting of Arab Financial Institutions, which will take place in Jordan this month, part...

Iran Ranked 16th Largest Car Manufacturer in the World in 2017

According to the International Organization of Motor Vehicle Manufacturers (OICA), Iran ranked as the 16th largest car producer globally in 2017, underscoring the country's...

IMF Urges Iran to Make Structural Economic Reforms, Address Youth Unemployment

The International Monetary Fund (IMF) called on Iran for structural economic reforms for enabling the private sector to grow and to create the jobs...

Dubai’s Non-Oil Foreign Trade Rises to AED 1.3 Trillion in 2017

Dubai’s non-oil foreign trade in 2017 reached Dh1.302 trillion, registering a Dh26 billion increase from 2016 figures. Dubai’s re-exports grew 9 per cent...
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