Economy News

Groz-Beckert is adapting its organizational structure at its headquarters to changing market conditions

Albstadt: The ongoing weakness in demand and structural changes in the international textile industry continue to put economic pressure on Groz-Beckert’s core business, Textile Tools. Since a market recovery...

Syria Seeks Funding to Advance €5 Million Textile Recovery Project

Syrian officials and international partners met at the Italian Embassy in Damascus to review progress on the €5...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...

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...

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Iran, Saudi Arabia Stress Need for Signing investment, Customs, Trade Agreements

Iranian Minister of Economic Affairs and Finance, Ehsan Khandozi met with Mohammed Al-Jadaan, Minister of Finance of Saudi Arabia at the sideline of 2023...

Armenia Seeking Access to Arab Markets, India through Iran

“Armenia and Iran attach great importance to the prospect of carrying out shipments through the Persian Gulf-Black Sea logistic route, and the Armenian side...

OETI and MeineRaumluft Join Forces for a Healthy Indoor Climate

The leader in the field of indoor air certification in Austria, ‘OETI - Institute for Ecology, Technology and Innovation’ (or OETI for short), is...

First Transit Train from Russia to Saudi Arabia Arrives in Iran’s Southern Port

The train will Bandar Abbas leave for Saudi Arabia after completing legal formalities, according to Ali-Reza Nasiri Barazandeh, the caretaker of the Railway Department...

Iran’s Handicrafts Exports at Nearly $300mln Per Year

The main destinations for these exports are the Persian Gulf littoral states and Iraq, said Mohamad-Hossein Askarpour, a senior official from Iran's Ministry of...

Bursa Textile Show Fair (BURTEX) Open Its Doors to Textile Professionals

Today The 9th edition of the Bursa Textile Show Fair successfully united industry leaders and international business experts. Hosted by KFA Fuarcılık with the...

Istanbul’s Ambitious Journey to Europe’s Largest Exhibition Venue

Construction has commenced on Europe's largest exhibition site in Istanbul. The Istanbul Exhibition Center is poised to transform into Europe's premier indoor exhibition venue,...

Iran’s 4-month export to ECO members rises 4.52% yr/yr

Iran exported over $3.615 billion worth of commodities to the members of the Economic Cooperation Organization (ECO) in the first four months of the...

Iran-Turkey Trade Exceeds $3b in 7 Months

According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with the neighboring country stood at $3.846 billion in January-May...

Birimian x Orange Bank Africa

Birimian, the leading financial institution dedicated to the development of brands symbolizing African creative excellence and exceptional craftsmanship, and Orange Bank Africa ("OBA"), a...
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