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...

Advertisment

AMEC AMETEX

Iran-Turkmenistan ties beyond neighborliness

Iran and Turkmenistan have great capacities to elevate their ties and become a good example in the region, as the Raisi administration in Iran...

Autoneum updates its outlook for 2022 as a result of the Ukraine war

Due to the impact of the war in Ukraine on the automotive industry and vehicle production as well as of rising inflation, Autoneum is...

Turkish exporters lose nearly $140M in April as Ukraine war hits trade

Turkey’s exports to Russia and Ukraine fell by nearly $140 million in April, as Moscow’s invasion of its southern neighbor continues to disrupt shipments. Sales...

Saudi Arabia transfers $80B of Aramco shares to sovereign fund

Saudi Arabia has transferred 4% of the stock in the state-run oil giant Saudi Aramco to the country’s sovereign wealth fund, the government said...

Iran to open trade center in Sulaymaniyah

Iran's Consul General in Sulaymaniyah Mehdi Shoushtari has said the Islamic Republic plans to open a trade center in the region for promoting Iranian...

Ankara-Mogadishu Bilateral Ties Propel Somali Businesses

The special relationship Somalia and Turkey share, which extends to trade, is encouraging the Somali business community to travel to Turkey to import everything...

Swiss testing firm SGS posts CHF 6.4 billion revenue in 2021

SGS Group, a Swiss leading testing, inspection and certification company, has recorded a total revenue of CHF 6.4 billion in fiscal 2021, up by...

Africa Finance Corps secures $400 million funding from South Korea and Dubai

Pan-African development financial institution, Africa Finance Corps (AFC) has raised $400 million in funds as its fundraising attracted new lenders from the Middle East...

China-Africa trade up by 38.2% YoY to $185.2 bn in Jan-Sep 2021

China-Africa trade rose by 38.2 per cent year on year (YoY) to $185.2 billion between January and September this year, reaching the highest level...

Togo considers new ways to boost women entrepreneurship

During a meeting held this week, the ministry of trade, representatives of the African Development Bank (AfDB), and a group of Togolese businesswomen (Nana...
spot_img
spot_img
spot_img
spot_img
spot_img
spot_img
AMEC AMETEX
spot_img
spot_img
spot_img