Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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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...

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 toward transforming the country's textile industry...

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 calling for stronger customs enforcement to...

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 unveiled ambitious expansion plans aimed at...

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 India's textile, apparel, and handicraft sectors...

Sri Lanka Strengthens Its Position as a Strategic Apparel and Logistics Gateway Connecting Asia, Africa, and Europe

Hellmann Worldwide Logistics and MAS Holdings have announced the development of a new dedicated fashion logistics hub in Sri Lanka, marking a significant investment...

Sweden Targets Türkiye’s Textile Future At ITM 2026

Following the opening of its new showroom and test centre in Sweden, imogo will be introducing its groundbreaking new Dye-Max spray dyeing technology to...

Experts Urge Africa to Leverage China’s Zero Tariff Opportunity

Trade experts are calling on African nations to move beyond raw material exports and accelerate industrialisation following China’s expanded zero-tariff policy for African goods. The...

Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Barmag and Rieter exhibit side by side Barmag showcase innovations across all man-made fiber processes Towards the fully automated spinning mill with automation...

China Expands Zero-Tariff Access to 53 African Countries

China has fully implemented zero-tariff treatment for 53 African countries, marking a significant milestone in global trade relations and opening new opportunities across multiple...
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