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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Bangladesh Accelerates Technology Transfer to Future-Proof Its Textile Industry

In a strategic shift aimed at sustaining its position as the world’s second-largest garment exporter, Bangladesh is intensifying efforts to modernize its textile sector...

Euro Surge Provides New Momentum for Turkish Textile Industry

The recent appreciation of the euro has created fresh opportunities for Türkiye’s textile sector, helping ease the pressure from domestic economic challenges. With the...

Indonesia’s Textile Industry Eyes U.S. Cotton to Offset Tariff Impact

Indonesia’s textile and apparel sector is bracing for severe fallout following the U.S. government’s imposition of a 32% “reciprocal” tariff on Indonesian goods—a move...

Pakistan’s Textile Industry Sees Resilience and Opportunity Amid U.S. Tariff Challenges

Despite the recent imposition of tariffs by the U.S. government, Pakistan’s textile industry—the backbone of the country’s export economy—is showing strong signs of resilience...

Pakistan’s Apparel Exports Rise 19% Amid Strategic Growth Push

Pakistan’s textile industry has recorded remarkable progress over the past year, with apparel exports rising by 19%, according to Federal Minister for Commerce Jam...

India Achieves 7% Growth in Textile Exports

India's textile exports, including handicrafts, recorded a 7% increase from April to December 2024, reinforcing the country’s position as a key player in the...

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...

NCTO Expresses Concern Over President Trump’s Tariffs on Mexico and Canada

The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administration’s recent decision to impose 25 percent tariffs on imports...

Africa’s Economic Challenges: An Opportunity for Transformation, Says UNCTAD

Africa’s economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique chance to reshape the continent’s future,...

EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU

The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports stricter enforcement to combat non-compliant and...
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