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Economy News

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 €5.1 billion—a slight drop of 0.4% compared to 2022. While volume dropped...

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...

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...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement...

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Saudi imports of Turkish goods plunge after informal boycott

The value of Saudi Arabia’s imports from Turkey in December dropped to their lowest level in at least a year, Saudi official data showed...

Iran allocates €200m for promoting exports to Africa

TEHRAN – Iran’s National Development Fund (NDF) has opened a €200 million credit line for the country’s Trade Promotion Organization (TPO) to use for...

Trade between Iran, EAEU stands at $1.8b in 10 months

TEHRAN- The value of trade between Iran and the Eurasian Economic Union (EAEU)’s member states stood at $1.8 billion during the first 10 months...

Zambia 36th country to ratify AfCFTA agreement

Zambia recently submitted the instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission, according to...

Turkey eyeing more investments in Ethiopia: Envoy

ADDIS ABABA-Anadolu Agency Turkey is aiming to expand its investments in Ethiopia which already add up to billions of dollars, Ankara's ambassador to the African...

Palestine welcomes Turkey’s industrial zone in W. Bank

Awad Rajoub RAMALLAH, Palestine - The Palestinian government has welcomed Turkish President Recep Tayyip Erdogan's decision to establish an industrial zone in the West Bank...

How to transition to a circular economy for textiles

Circular fashion textiles have been an important part of our lives and culture for a long time now, with a range of items varying...

Turkey Keen To Establish Own Economic Zone In Bangladesh

Turkish investors are keen to establish their own economic zone in Bangladesh with huge investments in energy, health care, ICT, textile and agri-processing sectors,...

Turkey wants to be among world’s 10 biggest economies

Turkish President Recep Tayyip Erdogan recently announced an ambitious plan to make the country the tenth largest economy in the world by engaging in...

Iranian polymer production capacity to rise 120% by 2025

TEHRAN – Iran’s polymer production capacity is going to increase by 120 percent by the Iranian calendar year 1404 (begins on March 21, 2025)...
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