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Economy News

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the Belgian textile industry managed a stable turnover, recording €5.1 billion—a slight drop of 0.4% compared to 2022. While volume dropped...

Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa

In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has...

Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024

Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement...

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Iran Records €550m Surplus in €18.3b Trade With EU in 2018

Italy, with more than €2.92 billion worth of purchases, was Iran’s main export destination, while Germany with €2.7 billion was the biggest exporter to...

Iran’s industrial export grows 13%

 Iran’s industrial export has grown 13 and 6 percent respectively in value and weight during first 9 months of the current Iranian fiscal year...

Uzbek, Swiss banks sign loan agreement for textile project

Uzbek bank Asaka early this week signed in Zurich a syndicated loan agreement with the Swiss branch of Germany’s Commerzbank AG and the Swiss...

Sri Lanka economic relations with Yazd will improve

In a meeting with Yazd economic activists in the center of Iran, he added efforts are underway to pave the ground for investment, concluding...

Arvind to reduce 20,000 tonnes carbon emissions annually

Arvind is aiming to reduce carbon emissions by 30 per cent with the installation of rooftop solar projects across its Ahmedabad, Santej and Bangalore...

Germany promises Tunisia 7,450 jobs over 2 years

During a two-day working visit to Tunisia, German Federal Minister for Economic Co-operation and Development, Dr. Gerd Müller, announced  the signing of new declarations...

Wool prices advance at Australian wool auctions this week

The Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) advanced by 7ac clean/kg for the week to close at 1934ac. When measured in USD, the positive...

Soon 90% of GST payers to file quarterly return: FM

Soon, businesses comprising over 90 per cent of goods and services tax (GST) payers will be allowed to file quarterly return, finance minister Piyush...

McDermott bags ethylene furnace award in Indonesia

McDermott International, Inc has been awarded a sizeable technology contract by PT Chandra Asri Perkasa for the detailed engineering of 8 proprietary SRT (Short...

US sets new March 2 date for China tariff rise amid talks

The US Trade Representative’s (USTR) office recently changed the scheduled date of a tariff rate rise to 25 per cent from 10 per cent on $200...
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