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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Kenyan Government Launches Textile Skills Program in TVET Institutions to Boost Industry Readiness

In a strategic move to align Kenya’s workforce with global apparel industry standards, the government has officially launched a Textile and Apparel Enhancement Programme...

OECD Forecasts Morocco’s Economic Growth to Reach 3.8% in 2025 and 2026

The Moroccan economy is projected to grow steadily at 3.8% in both 2025 and 2026, according to the latest economic outlook released by the...

Lesotho’s Textile Industry Faces Crisis as U.S. Tariffs Threaten Over 5,000 Jobs

Lesotho’s once-thriving textile sector is on the brink of collapse, with over 5,000 jobs at risk, following the imposition of a 50% tariff on...

Uzbekistan and Yunus Textile Mills Sign MoU to Explore Joint Home Textile Production

In a significant move to strengthen bilateral textile cooperation, a high-level delegation from Uzbekistan, led by Akobir Tukhtaev, Deputy Chairman of the Chamber of...

Turkey Invests $173 Million in Spain Across Key Sectors

At the Türkiye-Spain Roundtable Meeting held in Istanbul, Turkish Minister of Trade Ömer Bolat announced that Turkish companies invested approximately $173 million in Spain...

Vietnam and India Seek Stronger Textile Cooperation Amid Growing Trade Potential

At an online seminar held on May 23, Vietnamese and Indian industry leaders called for deeper cooperation in the textile and garment sectors, highlighting...

CIDPEX 2025 Concludes Successfully: Over 50,000 Visitors Celebrate Innovation in Disposable Hygiene Industry

The 32nd edition of the China International Disposable Paper Expo (CIDPEX 2025) successfully concluded on April 18, marking another record-breaking milestone for the global...

Egypt’s Textile Sector Booms with Foreign Investment and Competitive Edge

Egypt is rapidly emerging as a global hotspot for textile manufacturing, driven by a surge in foreign direct investment (FDI), attractive production costs, and...

Textiles Recycling Expo 2025: BASF and trinamiX Present Solutions Supporting Textile Circularity

trinamiX showcase its mobile solution for reliable textile identification, including the new handheld spectrometer trinamiX PAL Two BASF presents loopamid®, the recycled polyamide...

US Textile Industry Supports Move to End De Minimis Trade Loophole for All Countries by 2027

The U.S. textile sector has voiced strong support for a new provision included in the House Ways & Means Committee’s budget reconciliation bill that...
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