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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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...

Tehran to host intl. paper exhibition next week

TEHRAN- Iran’s 3rd International Specialized Exhibition of Paper , Cardboard, Cellulose Products and Related Machinery will be held at the Tehran Permanent International Fairgrounds...

Somalia: China Rejects Taiwan Bid for Diplomatic Relations With Somaliland

The East African (Nairobi) - By Abdulkadir Khalif Mogadishu — China has criticised a bid by Taiwan to establish diplomatic relations with Somaliland, the breakaway...

IsDB Group News Report on its Engagement with Sudan

The Islamic Development Bank (IsDB) reaffirms its determination to support Sudan in combating COVID-19, overcoming its economic challenges and achieving the sustainable development goals...

Iran’s exports to Turkey running via road, railway

TEHRAN- The chairman of Iran-Turkey Joint Chamber of Commerce told IRNA on Saturday that Iran’s export to Turkey is continuing via the roads and...

IsDBG Private Sector Action Response to COVID-19

Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting  to Host a Live Webinar The webinar entitled, “IsDB...

Saudi Arabia Hikes VAT, Customs Duties

The Saudi Arabia government has announced customs duties increases on about 3,000 goods, effective 10 June 2020. The rate hike, revealed on 27 May...
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