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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Global Apparel Downturn Deepens Textile Vulnerabilities

Bangladesh’s textile sector, despite periods of strong performance, is now feeling the full impact of the global recession. The stalled manufacturing climate has intensified...

Iran, India discuss expansion of trade ties in new areas

TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) Hamid Zadboum and Indian Ambassador to Tehran Gaddam Dharmendra met to discuss expansion of trade...

The Islamic Development Bank Group support Egypt with $3.8 billion

The Islamic Development Bank Group contributes to more than 57 projects under implementation in Egypt with $3.8 billion and reaffirms its economic support to...

Should I buy Chinese luxury fashion product?

China plans for attracting luxury fashion consumer to buy Chinese luxury product Rather than going overseas, China seeks to ensure its people shop for foreign...

Helmand Cotton Factory Reopens After 7 Years

The state-run Bost Enterprise, a cotton ginning factory, has officially reopened after seven years. According to a statement from Helman Governor’s office, farmer’s cotton products...

Iran’s Exhibition Events Down 40% due to Covid-19 Outbreak

Managing director of Iran International Exhibitions Company (IIEC) said on Saturday that the number of Iran’s exhibition in the current Iranian calendar year has...

Economic Slowdown in Tunisia in First Quarter

Tunis - Mongi Saidani Tunisia’s National Institute of Statistics has revealed an economic slowdown in the first three months of 2020. Tunisia's foreign trade reached 10,514...

US, Kenya launch negotiations for free trade agreement

United States trade representative Robert Lighthizer and Kenya Cabinet Secretary for industrialisation, trade, and enterprise development Betty Maina have formally launched trade agreement negotiations...

Iran, Austria stress expansion of economic relations

TEHRAN- During a meeting between Iran's new Ambassador to Austria Abbas Ardakani and the Austrian Deputy Minister for Economic and Digital Affairs Michael Sterl,...

Relationship of the Islamic Development Bank Group with the Republic of Yemen

Islamic Development Bank Group :Dr Hajjar: We are committed to support the Yemeni people in meeting their aspirations. Our total financings for the country...
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