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Domotex middle east 2025
ITCPE 2025

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...

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...

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’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...

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...

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ITCPE 2025

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman Mohamed Alabbar and Saudi Arabia's sovereign wealth fund, has entered into a partnership with...

Russian giant mining co. ready to commence co-op with Iran

Ural Mining and Metallurgical Company (UMMC), one of the top Russian producers of major minerals including copper, zinc, coal, gold and silver, has voiced...

Non-oil trade balance close to $1b in 2 months

Iran’s non-oil trade with other countries registered a $942 million positive balance in the two-month period from March 21 to May 21, Tasnim news...

Another wasted opportunity for Iran’s economy

Iran is loaded with economic potential, but as President Donald Trump pulls out of the multi-stakeholder P5+1 agreement, it is difficult to see whether...

EU commissioner in Iran in bid to protect trade ties

EU Energy Commissioner Miguel Arias Canete arrived in Tehran on Saturday to present plans for continuing oil and gas purchases and protect European companies...

Turkey’s lira hits record low, Fitch sounds alarm over Erdogan’s policy drive

Turkey’s lira hit a record low for the third straight session on Tuesday, battered by deepening concerns about President Tayyip Erdogan’s grip on monetary...

Islamic economy generates 8.3% of Dubai’s GDP

The contribution of the Islamic economy to Dubai’s gross domestic product (GDP) increased from 7.6 per cent in 2014 to 8.3 per cent in...

TCCIMA to dispatch trade delegation to Serbia, Poland, Germany in mid-June

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) will send an economic-trade delegation to Serbia, Poland and Germany on June 16, the official...

Iranian trade delegation to accompany Rouhani in Austria, Switzerland tour

A delegation from Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) will accompany Iranian President Hassan Rouhani in his trip to Switzerland and...

Iran-Qatar Joint Economic Committee meeting in Doha

Iran-Qatar :: The sixth meeting of Iran-Qatar Joint Economic Committee is being held in Qatar’s capital Doha, IRNA reported on Sunday. A 70-memebr delegation of...
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