Economy News

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 (FTA), which is set to enhance bilateral trade, improve market access,...

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...

U.S. Textile and Apparel Industry Unites Behind New Trade Incentive Proposal

For the first time in recent years, leading U.S. textile manufacturers, apparel brands and retailers have jointly proposed...

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...

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...

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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...

Exclusive exhibit of Iranian goods to be held in Syria in early Dec

Syrian Capital Damascus is going to host the second exclusive exhibition of Iranian goods during November 29-December 3, IRIB reported. The exhibition features companies active...

Tunisia’s real GDP up 0.3% in Q3 2021

Tunisia’s real gross domestic product (GDP) grew by 0.3% year-on-year in the third quarter (Q3) of 2021 (July-September), showing the gradual recovery of economic...

Tunisia: Industrial production up 27.8% in Q2 2021, year-on-year

The industrial production index was up 27.8% in the second quarter of 2021 (Q2) compared to the same period last year, the National Institute...

IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry

A Boost for Saudi Businesses: IsDB Supports Saudi Exim Bank’s Efforts to Strengthen Export Industry Saudi businesses have received the backing of Islamic Development Bank...
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