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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Iran-China trade falls 40% in 4 months yr/yr

Iran’s trade with its top trading partner China reached $5.26 billion in the first four months of 2020, 40 percent less than the same...

Carpet Museum to Host Meeting on Medallion Patterns

The Carpet Museum of Iran will host an online meeting on Monday on medallion patterns of the carpets woven in the central city of...

Ethiopia: COVID-19 and the Economic Impact in Ethiopia

Today, we face a major economic upheaval particularly more severe than we have ever witnessed before. The coronavirus pandemic is a different kind of...

Tunisian Textile Industry To Reduce Its Carbon Footprint

The Tunisian Textile and Clothing Federation (FTTH) recently organised a seminar on the recovery and recycling of post-industrial waste in the clothing sector. It was...

South Africa , Textile Industry Agrees On Temporary Relief for Employees

By Tania Broughton / Allafrica.com Regulations giving effect to the government's commitment to assist ailing industries and workers through the Unemployment Insurance Fund are being...

Why Morocco is an Attractive Place for Textile Exhibition Organizers?

By: Behnam Ghasemi - Kohan Textile Journal in the last five years, many fashion and textile exhibitions and events organized and planned by the international...

Non-oil exports booming as coronavirus cases decline

Governor of Central Bank of Iran Abdolnaser Hemmati said that Iran's non-oil exports are gaining momentum and booming after a downtrend in coronavirus cases...

Simple life, skillful hands, silk weaving

Balam Jerk, a 400-year-old village in Minudasht city, the northern province of Golestan - Iran, with only 210 families is almost unknown. The inhabitants mostly...

Iran purchases Iraqi goods in exchange for exporting electricity

The spokesman of the Petroleum Products Exporters Union, Seyyed Hamid Hosseini announced that Iran purchases Iraqi goods in exchange for exporting electricity to Iraq. Speaking...

Necessity of handing over cotton seeds factories to the Union of Cotton Agricultural Cooperatives

Improving the quality of cotton seeds is another important factor in the development of cotton cultivation, and in connection with increasing the quality of...
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