Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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Borealis Partners with BlueAlp to Advance Chemical Recycling Technology

Borealis has announced a new strategic partnership with BlueAlp, a leading chemical recycling technology company based in Eindhoven, the Netherlands. As part of the...

Uzbekistan Targets 10% Growth in Textile Production and 32% Surge in Exports in 2026

Uzbekistan plans to increase textile production by 10% and boost textile and apparel exports by 32% in 2026, according to updates presented to President...

SuperCircle Raises $24 Million to Scale AI-Powered Textile Recycling Platform

Circular technology and logistics startup SuperCircle has raised $24 million in a Series A funding round aimed at scaling its AI-powered platform, which helps...

Btex Appoints Brian Rogers to Lead U.S. Sales

Benin Textiles (Btex), the vertically integrated towel and sheet manufacturer, has appointed longtime home textiles executive Brian Rogers as Vice President of U.S. Sales,...

OfBusiness to Fully Acquire Indian Design, Expanding Global Apparel Capabilities

B2B commerce and financing platform OfBusiness is set to acquire the remaining 30% equity in Indian Design, a leading Bengaluru-based garment and home textile...

Companies Seek EU Flexibility to Avoid Waste and Costs

EDANA, the voice of nonwovens, alongside a coalition of leading European business associations, has issued a joint statement urging the European Commission to introduce...

Outlast® Wins WTiN Innovate Textile Award with Aersulate®

Outlast Technologies GmbH has been awarded the WTiN Innovate Textile Award in the cate-gory Material Innovation for Aersulate®, its aerogel-infused insulation technology. The award...

PIGMENTURA by CHT Wins The German Sustainability Award in the Products Category

The German Sustainability Award was presented in Düsseldorf in the Products category. The award has been presented since 2008 for exemplary sustainability achievements in...

India Approves ₹305 Crore (Approx. USD 34 Million) Tex-RAMPS Scheme to Accelerate Textile Innovation

The Government of India has approved the ₹305 crore (approximately USD 34 million) Tex-RAMPS scheme, a major initiative designed to drive research, innovation and...

Kenya Welcomes AGOA Extension Proposal

Kenya has welcomed a proposal by the United States administration to extend the African Growth Opportunity Act (AGOA) for an additional year, a move...
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