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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Indian MSMEs may use Ghana as gateway to Africa

New Delhi, Oct 24 (KNN) To enhance India-Ghana bilateral trade and investment opportunities, World Trade Center Mumbai and World Trade Center Accra has jointly...

Turkey, Kenya to Boost Trade, Economic Cooperation

Ahmet Cemil Miroglu says Turkey regards Kenya as reliable partner in East and Horn of Africa region Turkey aims to diversify and elevate its economic...

Saudi Arabia receives only 1.8% of Turkey exports

Turkish commodity exports to Saudi Arabia constitute only 1.8 per cent of Ankara’s annual exports, Turkey’s Anadolu Agency reported. The agency collected data on trade...

Turkey opens investigation into Saudi dumping of polyethylene prices

Ankara takes the first step against Saudi Arabia after allegations of sanctions on Turkish products Turkey's first and only integrated petrochemical plant, Petkim appealed to...

Turkey, Ukraine committed to making free trade deal, reaching $10B

Turkey and Ukraine are committed to making a bilateral free trade agreement (FTA) and further boosting their mutual trade volume through investments and increased...

Armenia to impose economic sanctions on Turkey

YEREVAN, OCTOBER 16, ARMENPRESS. The Ministry of Economy of Armenia has drafted and introduced for public debates a bill that seeks to temporarily ban...

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 Turkey Free Trade Agreement, Targeting Textile Imports

Morocco’s Government Council approved an amendment to the country’s free trade agreement with Turkey in October 2020, opening the way for customs duties to...

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...
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