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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UAE-Saudi to link rail networks by end of 2021

UAE-Saudi :: Cross-border rail links between the UAE and Saudi Arabia will be established by the end of December 2021, a top UAE official...

UAE-Greece Explore Boosting Trade Ties

The Dubai Chamber of Commerce and Industry hosted the UAE-Greek Business Forum, exploring trade and investment opportunities in both countries. At the forum, Sultan Al...

Iranian trade delegation to visit Senegal, Brazil, Uruguay in mid-April

Iranian trade delegation :: The delegation is planned to attend some business forums and will hold talks and mutual meetings with their counterparts in...

Iran’s imports form U.S. down 40% in 11 months

Iran's imports form U.S. :: The IRICA data showed that Iran has imported 31,000 tons of commodities worth $150 million from the U.S. during...

Iran-Qatar Joint Economic Committee meeting slated for mid-April

Accordingly, an Iranian trade delegation headed by the country’s Industry, Mining and Trade Minister Mohammad Shariatmadari is going to visit the Arab country to...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco::  Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO) on...

Pakistan welcomes Iran’s call for expansion of trade ties

Iranian Foreign Minister Mohammad Javad Zarif along with a 30-member trade delegation, from the country’s economic and trade sectors, attended the joint business forum...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco international :: Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering...

Abu Dhabi hotel occupancy surges to 81% in February

Abu Dhabi hotel occupancy :: The high influx of winter travellers is keeping Abu Dhabi’s hospitality and leisure industry upbeat, with hotel occupancies soaring...

United Arab Bank ’s rights issue successfully subscribed by 124%

United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions. The bank plans to increase...
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