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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Ethiopia’s war risks leaving manufacturing dreams in tatters

By Ruma Paul, Anna Ringstrom and Joe Bavier ADDIS ABABA (Reuters) - When Bangladeshi textile firm DBL set up shop in Ethiopia two years ago,...

An Economic Recovery Could Happen Sooner Than We Think

Below is a rare piece of good news—welcome relief in a period dominated by uncertainty. The article, originally published by The Telegraph, highlights an...

Angolan, Turkish Businesspeople Bet On Strengthening Cooperation

Cooperation between Angola and Turkey may contribute to reversing the import scenario and boost national production, the participants at the Business Forum between the...

TURKEY BECOMES THE WORLD CHAMPION IN GROWTH

The Turkish economy grew beyond expectations with 6.7% in the third quarter. Ranked first upon this rate, Turkey is followed by China with a...

Kenya’s Kirinyaga county to revive Mwea Cotton Ginnery

The government of Kenya’s Kirinyaga county is planning to revive the Mwea Cotton Ginnery to support cotton farmers whose number has risen after the...

Morocco signs 17 investment agreements to boost industry

Morocco signed 17 investment agreements worth $93.6 million recently to boost the industrial sector, hit by the pandemic. These include four memoranda of understanding (MoUs)...

AfCFTA to Drive Post-Pandemic Growth and Poverty Reduction in Africa

The African Continental Free Trade Agreement (AfCFTA) will unlock significant business opportunities to help lift Africans out of poverty in the post-COVID-19 era, according...

Ethiopia freezes bank accounts of companies ‘financing TPLF’

By AGGREY MUTAMBO The Ethiopian government on Tuesday froze bank accounts of businesses linked to leaders of the Tigray People’s Liberation Front. The Federal Attorney General...

Turkish exports to Balkan countries top $10 billion as of Oct. 31

Turkey's exports to Balkan countries exceeded $10 billion from January through October this year, according to official data, with sales in some markets seeing...

Tehran to Host Next Meeting of Iran-Pakistan Joint Economic Committee

Iran and Pakistan have agreed to convene the 9th Joint Economic Committee (JEC) meeting in Tehran next month, marking another step toward strengthening bilateral...
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