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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Afreximbank to Launch $5 Billion Integrated Textile Hub in Nigeria as Part of Bold Industrialisation Agenda

In a landmark move set to reshape Africa’s textile landscape, the African Export-Import Bank (Afreximbank) has announced the construction of a $5 billion integrated...

Lesotho Declares National Disaster as Unemployment Crisis Deepens

The Kingdom of Lesotho has officially declared a state of national disaster in response to escalating unemployment rates that have reached alarming levels. The...

Morocco Seeks Trade Deal Review with Turkey Over Textile Deficit

Morocco is reportedly preparing to renegotiate its free trade agreement with Turkey as the North African nation looks to attract greater Turkish investments to...

Another Turkish Textile Giant Invests in Egypt: Ulusoy Tekstil to Launch $18 Million Project

Ulusoy Tekstil, one of Turkey’s leading textile manufacturers, is joining the growing list of Turkish companies investing in Egypt’s booming textile sector. The company...

Arab Bank “Best Bank in the Middle East 2025”

Arab Bank recently received the "Best Bank in the Middle East 2025" award from New York-based Global Finance magazine, reinforcing its strong leadership position...

China Backs Construction of Full-Cycle Textile Mill in Kazakhstan’s Turkistan Region

Kazakhstan is witnessing a significant boost to its textile industry with the construction of a full-cycle textile mill in the Turkistan region, supported by...

Eco-Innovation in Vietnam’s Textile and Garment Industry: A Driving Force for Sustainable Economic Growth

Vietnam’s textile and garment industry, one of the country’s key export sectors, is undergoing a crucial transformation fueled by eco-innovation. As global demand rises...

AfCFTA Faces Hurdles on Path to a Unified African Textiles and Apparel Value Chain

The African Continental Free Trade Area (AfCFTA) holds enormous promise for regional economic integration and industrial growth across Africa. But building a continent-wide textiles...

South Africa’s Clothing and Textile Sector Key to Economic Recovery, Says Deputy Minister Whitfield

The clothing and textile industry is poised to play a vital role in South Africa’s economic recovery and re-industrialisation, according to Deputy Minister of...

French Brand GEMO Begins Production in Benin’s Glo-Djigbé Industrial Zone

The Glo-Djigbé Industrial Zone (GDIZ) has officially welcomed GEMO, a major French ready-to-wear label, into its growing network of international textile partners. The move...
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