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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Exclusive exhibition of Iranian products to be held in Sulaymaniyah

TEHRAN- An exclusive exhibition of Iranian products is planned to be held in Sulaymaniyah of Iraqi Kurdistan in late May. Iran had also held an...

NNF DESIGN PRESENTATION 2021

DESCAT UK- Dev Ethical Sustainable Crafts and Textiles- a DIPP recognized B2B social impact startup for fashion, is organizing “NNF DESIGN PRESENTATION-2021” during Fashion...

Turkey’s exports to UK surge in Q1 following post-Brexit FTA

Turkish exporters have seen a noteworthy surge in exports to the United Kingdom from January to March this year following the signing of a...

Turkish firms plan to spend $50 million to construct textile factories in Azerbaijan

Turkey-Azerbaijan Turkish firms plan to spend $50 million to construct textile factories in the liberated territory of Azerbaijan according to the TÜMKİAD (Turkish Association...

Mohawk provides employees COVID-19 vaccine access

Home  COVID-19  COVID-19-home  Mohawk provides employees COVID-19 vaccine access Calhoun, Ga.— As many states began to advance their vaccine availability this month, Mohawk Industries leadership said it immediately...

Turkey-Azerbaijan trade to reach $15B with investments, FTA

An increase in the mutual investments and commissioning of a free trade agreement (FTA) could easily pave the way for Turkey and Azerbaijan to...

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...
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