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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ZIMBABWE’S TEXTILE AND CLOTHING EXPORTS DECLINE BY 58%

As per ZimTrade, Zimbabwe’s clothing and textile exports declined 58 per cent decline to $17 million between January and August this year. Its clothing and...

Saudi Aramco hires banks to sell international bonds

Energy giant Saudi Aramco said Monday it had hired banks to sell dollar-denominated bonds, to boost finances as the coronavirus pandemic weighs heavily on...

China economy boosted by government spending

China’s economic growth to be 2% in 2020 but coronavirus will keep Asia’s growth at its lowest since 1967, the World Bank warns. This...

Turkey has helped exporters with $260 mln in 2020

The government in 2020 so far has provided 1.78 billion Turkish liras ($260 million) to support exporters struggling amid the coronavirus pandemic, the country's...

Malawi: Gwengwe Commends Cotton Investment Companies

Minister of Trade, Sosten Gwengwe says he is impressed with the contribution cotton investment companies are making to boost the cotton industry in the...

The International Islamic Trade Finance Corporation Launches Four-Part Documentary Series on West African Cotton Sector

JEDDAH, Kingdom of Saudi Arabia, November 5, 2020/APO Group/  The International Islamic Trade Finance Corporation (ITFC) (ITFC-IDB.org), member of the Islamic Development Bank (IsDB)...

First hybrid event for Gartex Texprocess India & Screen Print 

India’s most comprehensive exhibition on garment and textile manufacturing – Gartex Texprocess India is all set to be launched as a ‘hybrid’ event in...

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry Association recently held a videoconference with Indonesia’s PT. Pan Brothers Tbk and discussed trade and investment...

Global Plastics and Rubber Digital Exhibition (Jiangsu Pavilion)

G-Plast has successfully held two times until now and this is our Phase 3. At this time we cooperate with Jiangsu Trade Promotion Trade...

New Djibouti sea route to reduce Turkey, Horn of Africa shipping time to 10 days

BY DILARA ASLAN / Daily Sabah The first container ship of the Djibouti Shipping Company, which will exclusively operate between Turkey, Djibouti and Somalia, was...
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