Economy News

Afreximbank: Africa’s Economy Grows 4.5% in 2025 Despite Global Trade Challenges

Africa strengthened its economic resilience in 2025, recording faster economic growth despite rising geopolitical tensions, slowing global demand and continued supply chain disruptions, according to the latest2026 African Trade...

Mohawk Cleared to Acquire Bremworth as Deadline Looms for New Zealand Wool Carpet Deal

Mohawk Industries has received regulatory approval to acquire Bremworth, bringing one of New Zealand’s best-known wool carpet manufacturers...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

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New TEXTRONIC® Lace for the most Leavers-like lace in warp knitting

KARL MAYER launches the new MT 84/1/40 S, a TEXTRONIC® Lace with fall-plate and stitch-forming Jacquard bars KARL MAYER launches a new TEXTRONIC® Lace for...

Wuhan Textile University Hosts Textile Management Workshop in Pakistan

Wuhan Textile University from China has officially launched a two-week seminar on textile management in Pakistan, marking a significant step in the exchange of...

Jeanologia Presents its Revolutionary Washed by the Atmosphere Concept at Kingpins Amsterdam

Showcasing Its Innovative Atmospheric Washing Ecosystem that Propels the Textile Industry into the New Age of Air. Featuring a breakthrough in ozone technology for...

Textile Exports from Pakistan Continue to Decline, Putting Pressure on Economy

Pakistan's textile sector continues to face challenges as exports recorded a year-on-year decline of 12% in September, dropping to $1.35 billion compared to $1.53...

Egypt Expects Construction to Start on Russian Industrial Zone by Mid-2024

Egypt expects construction works would begin on Russia’s sprawling industrial zone in the North African country by mid-2024, government sources with knowledge told Amwal...

Is Pakistan Moving Towards a Dollarized Economy?

Imagine living in a country which sees an annual food inflation of over 50%. Currency collapse or the daily price change for many developing...

Is South Africa’s Hospitality Sector Facing a PR Crisis?

The reality is that the hospitality sector is facing a persisting PR crisis. This crisis is rooted in perceptions formed way before our nation...

Iranian Exports to Russia Increase by 30%

Iranian exports to Russia increased last year by 30% compared to the previous Iranian calendar year. According to the official statistics from Customs, more than...

Trade exchanges between Iran, Zimbabwe to increase to $500M

Iranian Minister of Cooperatives, Labor, and Social Welfare Solat Mortazavi predicted that trade exchanges between Iran and Zimbabwe would increase to more than $500...

BRICS Membership Expands Iran’s Economic Ties: Businessman

He emphasized the importance of Iran becoming an official member of international and regional organizations such as BRICS, following its accession to the Shanghai...
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