Economy News
Economy News
India Achieves 7% Growth in Textile Exports
India's textile exports, including handicrafts, recorded a 7% increase from April to December 2024, reinforcing the country’s position as a key player in the global textile market. Minister of...
Economy News
UAE and Central African Republic CEPA to Boost Trade Beyond AED3.67 Billion
The UAE and the Central African Republic (CAR) have signed a Comprehensive Economic Partnership Agreement (CEPA) aimed at...
Economy News
NCTO Expresses Concern Over President Trump’s Tariffs on Mexico and Canada
The National Council of Textile Organizations (NCTO) has raised serious concerns regarding the Trump administration’s recent decision to...
Africa
Africa’s Economic Challenges: An Opportunity for Transformation, Says UNCTAD
Africa’s economic struggles, marked by dependency on volatile global markets, infrastructure deficits, and escalating debt, offer a unique...
Economy News
EURATEX Urges Stronger Enforcement for Fair and Safe E-Commerce in the EU
The European Commission’s latest communication on e-commerce highlights growing concerns over direct-to-consumer imports via online marketplaces. EURATEX supports...
Dubai Chamber to back Ghana’s textile-apparel industry
The Accra office of the Dubai Business Chamber is keen to offer guidance and assistance to companies in Ghana’s textiles and fashion industry that...
S African firms interested in a Mozambique textile unit
South African textile firms are eager to reactivate the factory in Mozambique’s Chimoio belonging to the former Textáfrica – Sociedade Têxtil de Vila Pery,...
China’s Zhejiang province to Raise trade with Africa
The Zhejiang province in China plans to raise its trade volume with Africa to $40 billion by the end of 2022 to account for...
Indian exporters should tap Africa more: Exim Bank MD
Indian exporters need to tap more African countries that have an almost ‘unlimited market’, according to David Rasquinha, managing director of Export Import Bank...
UAE energy minister honoured with Oil Diplomacy award
The UAE minister of energy & industry Suhail Al Mazrouei, was presented with the 'International Oil Diplomacy Person of the Year 2018' award in...
PM wants $10-tn economy India with countless start-ups
Prime Minister Narendra Modi recently spoke about his vision for making India a $10-trillion economy and the world's third largest, which has countless start-ups...
Afghanistan launches new export route to India through Iran
Afghanistan began exports to India through an Iranian port on Sunday, official said, as the landlocked, war-torn nation turns to overseas markets to improve...
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...