Economy News
Economy News
UAE and Central African Republic CEPA to Boost Trade Beyond AED3.67 Billion
The UAE and the Central African Republic (CAR) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at boosting bilateral trade and investment, with projections to increase trade beyond...
Economy News
NCTO Expresses Concern Over President Trump’s Tariffs on Mexico and Canada
The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administration’s recent decision to...
Africa
Africa’s Economic Challenges: An Opportunity for Transformation, Says UNCTAD
Africa’s economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique...
Economy News
EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU
The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports...
Economy News
Rieter – Significant Increase in Order Intake in Financial Year 2024
• Order intake of CHF 725.5 million
• Sales of CHF 859.1 million
• Order backlog of around CHF 530...
Turkey Plans to Establish Industrial Zone in Egypt
The Chamber of Commerce and Industry in Bursa, Turkey, has revealed its intentions to establish an industrial zone in Egypt, following discussions held during...
International Islamic Trade Finance Corporation (ITFC) Extends US$ 15 million Financing Support to Private Sector in Uzbekistan
The financing agreement with Aloqabank will contribute to efforts to strengthen the private sector and SMEs in the country
The International Islamic Trade Finance Corporation...
UAE’s First Integrated Battery Recycling Plant Unveiled as Dubatt Invests AED 216 Million at Dubai Industrial City
Dubatt Battery Recycling’s fully integrated battery recycling plant – the first of its kind in the UAE – has been formally inaugurated at Dubai...
Closing Report MUNICH FABRIC START SPRING.SUMMER 25
Looking to the future with cautious optimism
After three successful days, the international fabric show MUNICH FABRIC START ended its run for the Spring.Summer 2025 season...
Rieter: First Information on the Financial Year 2023
The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total...
Turkey-Georgia Trade Volume Aims for $5 Billion in 2024
The Foreign Economic Relations Board (DEİK) Turkey-Georgia Business Council President, Osman Çalışkan, announced that the trade volume between Turkey and Georgia is anticipated to...
Turkey Announces List of Target Countries for Export Support in 2024
In a communication received by our company from the Union of Chambers and Commodity Exchanges of Turkey (TOBB), the Ministry of Commerce has disclosed...
Texworld NYC and Apparel Sourcing NYC Unveil Next-Level Special Features for January Event
Texworld New York City and Apparel Sourcing New York City, the largest sourcing event on the East Coast, is gearing up for a spectacular...
VITAS Aims for $44 Billion Textile & Apparel Exports by 2024 Amid Positive Growth
The Vietnam Textile and Apparel Association (VITAS) has announced an ambitious goal of reaching $44 billion in revenue from textile and apparel exports by...
Paramount Textile’s Q1 Profits Dwindle as Global Recession Stifles Export Goals
Paramount Textile Limited faced a 14% year-on-year decline in net profit during the first quarter (July-September) of fiscal year 2024, attributing the decrease to...