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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Indian Textile units welcome changes in ECLGS

‘Many of the medium-sized units will get much-needed liquidity support’ Textile units in the region have welcomed the Central government announcement raising the ceiling of...

Textile Industry Thanks Ministry for Change in Credit Scheme

The Indian Texpreneurs Federation (ITF) has expressed its gratitude to India’s Ministry of Finance for raising the annual turnover eligibility limit for companies seeking...

Third China International Import Expo to be held in November

BEIJING - The third China International Import Expo (CIIE) will be held as scheduled offline from November 5 to 10 in Shanghai amid the...

Saudi Arabia forces businesses not to trade with Turkey in effort to boost boycott

Saudi Arabia has been putting pressure on local businesses not to trade with Turkey and its industries in a bid to boost its unofficial...

Mali qualifies for AGOA benefits, USTR notifies

The Office of the United States Trade Representative (USTR) recently notified that imports of eligible products from Mali qualify for the textile and apparel...

UAE, China set to step up trade, people-to-people synergies in transition to digital economy

UAE is home to over 4,000 Chinese companies   DUBAI, 18th July, 2020 (WAM) -- Bilateral trade between the UAE and China will continue to surge...

DUBAI TRADE PARTNERS WITH GLOBAL SUPPLY CHAIN ACADEMY

DUBAI TRADE PARTNERS WITH GLOBAL SUPPLY CHAIN ACADEMY TO LAUNCH E-COURSES FOR SUPPLY CHAIN PROFESSIONALS Simulation Modules Based On Cognitive Load Principles to Be a...

Iran’s value of exports to UAE rises 8% in a quarter on year

TEHRAN- The value of Iran’s exports to the United Arab Emirates (UAE) increased eight percent during the first quarter of the current Iranian calendar...

TPO holds 2nd meeting of Iran-Qatar commodity country desk

TEHRAN- Iran’s Trade Promotion Organization (TPO) held the second meeting of its Commodity-Country Desk on trade with Qatar, director-general of TPO’s office of Arabian...

Istanbul Predicts 40% Textile Trade Decline in 2020

In the midst of the normalization cycle following the coronavirus outbreak, Istanbul’s Laleli, Osmanbey and Merter districts predict an overall trade volume decline of...
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