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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Kazakhstan-UAE trade ties on upswing

Kazakhstan-UAE trade :: Trade relationship between the UAE and Kazakhstan is growing rapidly with bilateral trade between the two countries reaching $246 million (Dh904...

Egyptian tycoon is world’s richest Arab: Forbes

Egyptian tycoon :: A number of Arab nationals are getting richer every year and so far, at least 30 of them have made it...

Dubai’s realty a top attraction for foreign investments

Dubai is among the world’s top cities for foreign investments in real estate, according to a new update from the consultancy JLL. This has...

Dubai Exports spreads local fragrances to Brazil

Dubai Exports, the export promotion agency of Dubai Economy, through its Overseas Trade Office, OTO, in Brazil, has supported the successful expansion of the...

Egypt net foreign reserves rise to $42.524b after Eurobond sale

Egypt net foreign reserves :: Egypt’s foreign reserves rose to $42.524 billion (Dh156 billion) at the end of February from $38.209 billion at the...

The UAE’s non-oil private sector growth eases in February

The UAE’s non-oil private sector growth slowed in February as indicated by the Emirates NBD Purchasing Managers’ Index (PMI) which declined to 55.1 in...

Inflation rises to 4.7% following VAT roll-out

Inflation in Abu Dhabi rose to 4.7 per cent in January 2018, the highest rate in years, following the implementation of Value-Added Tax (VAT)...

SABIC head re-elected as GPCA Chairman

SABIC head re-elected :: The Gulf Petrochemicals and Chemicals Association (GPCA) announced on Tuesday the re-election of Yousuf Al Benyan as its chairman for...

ADNOC and OCP Group Sign Long-Term Sulphur Supply Agreement

Strengthening Strategic Ties Between the UAE and Morocco The Abu Dhabi National Oil Company (ADNOC) and Morocco’s OCP Group have signed a long-term agreement under...

Saudi Aramco company shipyard venture appoints CEO

Saudi Aramco and a number of partners have appointed Fathi K. Al Saleem as CEO of a joint venture to build a shipyard on...
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