Economy News
Economy News
UAE and Central African Republic CEPA to Boost Trade Beyond AED3.67 Billion
The UAE and the Central African Republic (CAR) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting bilateral trade and investment, with projections to increase trade beyond...
Economy News
NCTO Expresses Concern Over President Trumpโs Tariffs on Mexico and Canada
The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administrationโs recent decision to...
Africa
Africaโs Economic Challenges: An Opportunity for Transformation, Says UNCTAD
Africaโs economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique...
Economy News
EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU
The European Commissionโs latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports...
Economy News
Rieter โ Significant Increase in Order Intake in Financial Year 2024
โข Order intake of CHF 725.5 million
โข Sales of CHF 859.1 million
โข Order backlog of around CHF 530...
Spinnova Oyj (Finland) Joins ITMF As Corporate Member
Based in Finland, Spinnova has developed patented technology for making textile fibre from wood pulp or waste, such as leather, textile or agricultural cropping...
From Pre-Treatment To Finishing: Textile Chemicals & Dyes At Techtextil Frankfurt 2026 For The First Time As A Separate Product Area
From fibre production to coating: For the first time, Techtextil bundles the range of exhibitors in the field of Textile Chemicals & Dyes in...
The Belgian Textile Industry in 2023: Stability Amid Challenges
Turnover Holds Steady Despite Declines in Volume
In 2023, the Belgian textile industry managed a stable turnover, recording โฌ5.1 billionโa slight drop of 0.4% compared...
Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa
In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has initiated the โMauritania-Senegal General Trade Delegationโ...
Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024
Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile Machinery Manufacturers), during the ITMA Asia...
Rieter Investor Update 2024
โข Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months
โข Sales of CHF 163.3 million in the...
Voltalia and TAQA Arabia Partner to Boost Egyptโs Green Energy and Hydrogen Production
Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement to develop a cluster that combines...
Egypt Aims to Triple Foreign Direct Investment to $30 Billion
In a bold move, Egypt's newly formed cabinet has set an ambitious target to triple foreign direct investment (FDI) from last yearโs record $10...
20% Wage Increase for Tunisian Textile Workers Agreed for 2024-2026
In a significant development for the Tunisian textile industry, workers are set to receive a 20% wage increase spread over the next three years....
READY TO SHOW at MILANO FASHION & JEWELS โ SAVE THE DATE Sept 14-17, 2024 at FIERA MILANO-RHO Hall 10
READY TO SHOW was created as the first sourcing tradeshow in Italy to give international producers of apparel, knitwear and fashion accessories direct access...