Economy News

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 and continued supply chain disruptions, according to the latest2026 African Trade...

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...

Ferraro S.p.A. acquires the “Finishing” business unit of Cibitex S.r.l.

Ferraro S.p.A. and Cibitex S.r.l. are pleased to announce the completion of the agreement pursuant to which Ferraro...

US Proposes New Tariffs on Seven African Countries Over Forced Labour Concerns

The United States is considering imposing an additional 12.5 percentage point tariff on imports from seven African countries...

Nigeria Textile Import Ban Proposal Raises Concerns Over ₦10 Trillion Garment Industry

The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the Nigerian Senate’s proposal to ban...

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AMEC AMETEX

High-tech solutions for the textile industry in Asia

KARL MAYER will once again be presenting itself as a pioneer of digitalisation at ITMA ASIA + CITME, located in Hall 4, Stand A...

Istanbul-based firms’ export worth $6.1 bln in February

ANKARA- Anadolu Agency Istanbul-based companies achieved $6.1 billion worth of exports last month, taking a 38.2% share in Turkey's exports, according to information compiled from...

Turkey, Uzbekistan ink deal to enhance economic ties

A memorandum of understanding (MuO) was inked Tuesday between Turkey and Uzbekistan as the two countries look for ways to improve bilateral relations and...

Morocco Largest Arab Exporter to Brazil in January

By Safaa Kasraoui Rabat – In January 2021, Morocco exported $100 million of goods to Brazil, making the country the top Arab exporter to the...

Top 5 Bestselling, Popular Clothing Brands In Iran

By Mahlagha Sadoughi /  Kohan Textile Journal / kohanjournal@gmail.com Until a few years ago, many Iranian clothing manufacturers were almost anonymous and did not have...

Saudi imports of Turkish goods plunge after informal boycott

The value of Saudi Arabia’s imports from Turkey in December dropped to their lowest level in at least a year, Saudi official data showed...

Iran allocates €200m for promoting exports to Africa

Iran’s National Development Fund (NDF) has opened a €200 million credit line for the country’s Trade Promotion Organization (TPO) to use for developing exports...

Trade between Iran, EAEU stands at $1.8b in 10 months

TEHRAN- The value of trade between Iran and the Eurasian Economic Union (EAEU)’s member states stood at $1.8 billion during the first 10 months...

Zambia 36th country to ratify AfCFTA agreement

Zambia recently submitted the instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission, according to...

Turkey eyeing more investments in Ethiopia: Envoy

Turkey is aiming to expand its investments in Ethiopia which already add up to billions of dollars, Ankara's ambassador to the African nation said. Turkey's...
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