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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Palestine welcomes Turkey’s industrial zone in W. Bank

Awad Rajoub RAMALLAH, Palestine - The Palestinian government has welcomed Turkish President Recep Tayyip Erdogan's decision to establish an industrial zone in the West Bank...

How to Transition to a Circular Economy for Textiles?

Circular fashion textiles have been an important part of our lives and culture for a long time now, with a range of items varying...

Turkey Keen To Establish Own Economic Zone In Bangladesh

Turkish investors are keen to establish their own economic zone in Bangladesh with huge investments in energy, health care, ICT, textile and agri-processing sectors,...

Turkey wants to be among world’s 10 biggest economies

Turkish President Recep Tayyip Erdogan recently announced an ambitious plan to make the country the tenth largest economy in the world by engaging in...

Iranian polymer production capacity to rise 120% by 2025

TEHRAN – Iran’s polymer production capacity is going to increase by 120 percent by the Iranian calendar year 1404 (begins on March 21, 2025)...

Iran Plast expo running in Tehran

TEHRAN - The 14th International Exhibition of Plastic, Rubber, Machinery, and Equipment (IRAN PLAST) of Iran was opened at the Tehran Permanent International Fairground...

S Korea, Cambodia Finalise Free Trade Agreement

South Korea recently finalised a free trade agreement (FTA) with Cambodia to boost ailing exports amid the COVID-19 pandemic. Trade minister Yoo Myung-hee and her...

Turkey’s mask, cologne exports soar 22-fold in pandemic year

Turkey’s single-use medical mask and cologne exports increased by 22 times last year reaching $244 million (TL 1.7 billion) amid a worldwide soar in...

Turkish Exports Begin 2021 With All-Time Monthly High

Turkey’s exports started the new year with the highest monthly figure ever as sales surpassed $15 billion (TL 107 billion) in January, the country’s...

Pak-Uzbekistan shows resolve to enter into PTA

Both side also discussed the possibility of establishment of Joint Cargo Company by private sector ISLAMABAD (Dunya News) – Pakistan and Uzbekistan on Monday resolved...
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