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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Inflation, Currency Fluctuations, and Their Impact on the Global Textile Industry

By: Seshadri Ramkumar, Professor, Texas Tech University, USA With inflation reaching near double digits — a 40-year high — major national banks such as the...

THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023

THE GREEN COLLECTION creates space for sustainable products THE GREEN COLLECTION is the centrepiece of DOMOTEX 2023. This special show is the central area in...

Modern and Urban: The Reinterpretation of Workwear

Technique and Fashion come together in Vittorio Branchizio's design New Horizons The 90th edition of Pitti Immagine Filati, was a scene of novelties for the world...

Cameroon joins Africa Finance Corporation to boost manufacturing investment

Cameroon officially became yesterday September 22, 2022, the 36th member of the Africa Finance Corporation (AFC). The latter is a multilateral financial institution established...

Turkish exports to Egypt break record in Jan.-Aug.

Türkiye’s exports to Egypt reached an all-time high from January through August with $2.8 billion (TL 51.10 billion), according to an Anadolu Agency (AA)...

Trade with Africa exceeds $520m in 4 Months

Iran traded 890,287 tons of non-oil commodities worth $526.35 million with African countries during the first four months of the current Iranian calendar year...

Iran’s exports to Albania stand at $3.6m in H1

The value of Iranian exports to Albania reached $3.6 million in the first six months of 2022, according to Albania’s Institute of Statistics (INSTAT). As...

The International Trade Centre (ITC) brings Tunisian textiles firms to Egypt to boost regional trade

In the first business-to-business mission since the pandemic, the International Trade Centre brought together 26 Egyptian and 10 Tunisian companies in May in Cairo,...

Turkish Textile Export Revenues 6.1 Billion USD

Turkey’s revenues from textile and raw materials exports amounted to 6 billion and 119 million dollars during the first 7 months of this year. According...

Australian Investors Express Strong Interest in Expanding Trade with Iran

Australian Ambassador to Iran has stated that a growing number of Australian tradesmen and investors are eager to collaborate with Iranian businesses, highlighting the...
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