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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Iran among five pioneers of nanotechnology

TEHRAN – Prioritizing nanotechnology in Iran has led to this country’s steady placement among the five pioneers of the nanotechnology field in recent years,...

Vietnamese, Indian garment-textile firms seek partnership chances

Hanoi (VNA) – Vietnamese and Indian businesses sought partnership opportunities in garment and textile sector during an online conference held by the Vietnamese Trade...

Biggest Middle East and North Africa Plastics Industry Virtual Exhibition

Quality Zhejiang Plastics Industry Virtual Exhibition -Middle East Station Venue: Fairsroom Online Platform Date: 11th - 17th, January. 2021 Organizer: China Council for the Promotion of International...

UAE, Indian export credit agencies sign cooperation MoU

Etihad Credit Insurance (ECI), the UAE government’s export credit company, recently signed a memorandum of understanding (MoU) with the Export Credit Guarantee Corporation of...

Need stressed for promoting trade ties between Pakistan and Djibouti

ISLAMABAD - Islamabad Chamber of Commerce and Industry (ICCI) Acting President Fatma Azim on Thursday urged Pakistan and the Republic of Djibouti to focus...

Armenian Ban on Import of Turkish Goods Comes into Force

Armenian government's ban on import of Turkish goods imposed during the recent war in Nagorno-Karabakh, has come into force on January 1, 2021. On October...

Texprocil urges govt to pursue FTA with UK

The Cotton Textiles Export Promotion Council (Texprocil) has urged the Indian government to take immediate steps in formulating a free trade agreement (FTA) with...

Baghdad mayor urges Turkish firms to invest in Iraqi capital

Baghdad Mayor Alaa Maan has called on Turkish companies to increase their investment in the Iraqi capital, emphasizing the value of Turkey’s experience in...

Africa’s Fourth Industrial Revolution Needs an African Agenda

By Tiko Iyamu, Professor of Information Technology, Cape Peninsula University of Technology, Cape Town, South Africa Africa stands at a defining moment. As the Fourth...

NRF to USTR: Avoid tariffs against Vietnam

WASHINGTON — The National Retail Federation urged the Office of the U.S. Trade Representative to avoid placing tariffs on imports of Vietnamese goods and...
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