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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Turkish business groups call for Saudi action to resolve trade problems

Turkey’s leading business groups urged Saudi Arabia today to take action to improve trade relations as Turkish firms encounter growing problems in doing business...

Morocco Approves Amendment to Free Trade Agreement with Turkey

By Morgan Hekking Rabat – The Moroccan Government Council approved on Thursday an amendment to Morocco’s free trade agreement with Turkey. The amendment falls under Bill...

The Global Auto Parts & Accessories Digital Exhibition 2020 is only two days away.

Two days countdown! Through unremitting efforts, we have successfully attracted a large number of buyers and quality suppliers to participate in this exhibition. For better...

Cameroon: Sitracel launches sales of fabric face masks, after CICAM

Société industrielle de traitement de cellulose (Sitracel) made an announcement indicating that it has started selling protective face-masks. According to the company controlled by...

For Sale: Muller Mugrip 1 Jacquard ORIGINAL Muller Label Looms

Muller Mugrip 1 (mbj1) Jacquard ORIGINAL Muller Label Looms, not Chinese Muller All Running now Quantity: 2 pieces Location: Turkey Years: 1989-1990 Rpm speed: 400 to 430 between 8 colours 6...

Quality Zhejiang Virtual Expo ; Light & Electron Equipment Industry

Free Registration About Zhejiang Zhejiang Province is located in the south wing of the Yangtze River Delta on the southeast coast of China, bordering the East...

Guangzhou and Jiangsu Pavilions Join Global Auto Parts Digital Exhibition

Date: October 12-16,2020 Exhibition Overview Beijing – China – 7th October 2020 – Jiangsu and Guangzhou as two important cities with developed auto parts industry in...

Over 200 Libyan Businesspeople, Bureaucrats Visit Turkey to Boost Economic Ties

Over 200 leading business people and bureaucrats of Libya are expected to pay an official visit to Turkey this month. The main aim of the...

Garments Worth $35m Exported to 29 Countries

Iranian garment manufacturers exported $35.19 million worth of clothing items to 29 foreign destinations in the first five months of the current Iranian calendar...

Oil, petchem downstream industries should target domestic market

TEHRAN – As one the world’s top hydrocarbon-rich countries, Iran has managed to develop its oil, gas, and petrochemical industries to a significantly high...
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