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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Textile Industry Project to Employ 2,500 in SE Turkey’s Kilis

Kilis, a small province in southeastern Turkey, is set to become a regional hub for textile production with the establishment of Tekstilkent, a new...

Ethiopian Companies Participating in Khartoum Int’l Trade Fair

Addis Ababa January 23/2021 ( ENA) Ethiopia is taking part in a two-week Khartoum International Trade Exhibition , according to Ministry of Foreign Affairs. Embassy...

UNESCO includes Egyptian manual textile industry in Upper Egypt in list of intangible cultural heritage

CAIRO – 16 December 2020: On December 16, UNESCO included the Egyptian manual textile industry of the Upper Egypt region in the list of...

South Africa Eyes Enhanced Economic Cooperation with Turkey

BY ANADOLU AGENCY South Africa aspires for enhanced relations as well as further economic cooperation with Turkey in the future, the country’s charge d’affaires, Tshepo...

Sanctioned Iran pushes local traders to seek lifeline in Iraq

Piles of plush carpets line the floors of a northern Iraq shopping centre hosting traders from neighbouring Iran who hopes the spangle of their...

Egypt, Eurasian Economic Union Discuss FTA

Egyptian Minister of Trade and Industry Nevine Gamea said that reaching a free trade agreement with the Eurasian Economic Union (EAEU) is one of...

Indian Cotton Market Is Finally Witnessing A Boom Time

By Vimal Verma The 2021 cotton market has started with a bullish trend. ICE Cotton futures for its March contract is already trading at USC...

Manufacturing Revival and Economic Recovery

By: Seshadri Ramkumar, Professor, Texas Tech University, USA (Lubbock, USA, January 15, 2021)-Manufacturing boost will play a vital role in the building of global economy. Yesterday,...

Join The Happy Visitors Club of Zhejiang Plastic Virtual Expo!

Exhibition Date: Jan. 11-17, 2021 Registration Link Organizer : CCPIT Zhejiang The development of the entire plastics industry chain is facing huge challenges after COVID-19. The impact...

Guyanese designer to help single mothers become business owners

After residing in the United States of America for 40 years, Guyanese-born fashion designer and painter, Gem Fraser, has returned to her roots determined...
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