Economy News

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation...

Fine Spinners Uganda Invests $5 Million to Target Kenya’s Apparel Export Market

Fine Spinners Uganda Limited is investing an additional US$5 million in textile machinery as it seeks to become...

PM Modi’s Uzbekistan Visit: What It Means for the India-Uzbekistan Textile Trade

Indian Prime Minister Narendra Modi's two-day state visit to Uzbekistan on August 29–30, 2026, at the invitation of...

India-New Zealand FTA Creates US$2 Billion Export Opportunity for Indian Textile Industry

India's textile and apparel industry is expected to benefit significantly from the forthcoming India-New Zealand Free Trade Agreement...

NCTO Voices Concerns Regarding USTR’s Textile Mechanism, Part of Administration’s Section 301 Actions on Forced Labor

The National Council of Textile Organizations (NCTO), which represents the full spectrum of the U.S. textile industry from...

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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...

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...
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