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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Alarming Decline in Turkey’s Textile and Apparel Industry: $7 Billion Production Loss and 210,000 Jobs Gone

The Turkish textile and apparel sector, one of the country’s most vital industrial pillars and a major source of employment, is facing its most...

Uzbekistan’s Textile Exports Reach $1.7 Billion in First Eight Months of 2025

Uzbekistan exported textile products worth $1.7 billion in the first eight months of 2025, according to the National Statistics Committee. This figure represents 7.3...

China and Uzbekistan Deepen Cooperation Beyond Energy and Infrastructure

As relations between China and Uzbekistan expand, their partnership is no longer limited to traditional sectors such as energy and infrastructure. New areas of...

Nigeria to Showcase Trade Prospects at Türkiye-Africa Forum 2025

Nigeria is set to take centre stage at the upcoming Türkiye-Africa Business and Economic Forum (TABEF) 2025, with the Chairman of the Nigeria-Türkiye Business...

Behind the Surge of Fabric Imports: A Serious Alarm for Iran’s Textile Industry

Iran’s textile industry has long been struggling with numerous challenges — from outdated machinery and insufficient investment in modern technologies to smuggling and uncontrolled...

New Zealand and Saudi Arabia Launch Business Council to Boost Trade Ties

New Zealand’s Minister for Trade and Investment, Todd McClay, and Saudi Arabia’s Minister of Investment, Dr. Majid bin Abdullah Al-Kassabi, have signed a joint...

Vandewiele Group at ITMA ASIA Singapore 2025

At ITMA ASIA Singapore 2025, Vandewiele Group brands will converge to showcase breakthrough technologies across weaving, spinning, knitting, finishing, and digital solutions. From carpet...

Pakistan’s Textile Exports Rise Nearly 10% to $3.2 Billion in July–August

Pakistan’s textile exports, the backbone of its economy and a key supplier to global fashion brands, rose nearly 10 percent year-on-year to $3.2 billion...

Africa Awaits AGOA Lifeline as Extension Hangs in the Balance

As the African Growth and Opportunity Act (AGOA) nears its scheduled expiration on September 30, 2025, African nations—particularly those with textile-driven economies—are anxiously awaiting...

Garanti BBVA and Ivy Decarb Partner to Finance Textile Industry’s Green Transition

Garanti BBVA, the Turkish unit of Spain’s BBVA, has partnered with Ivy Decarb Marketplace to accelerate decarbonization in Turkey’s textile sector. The initiative will...
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