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Economy News

The Belgian Textile Industry in 2023: Stability Amid Challenges

Turnover Holds Steady Despite Declines in Volume In 2023, the Belgian textile industry managed a stable turnover, recording €5.1 billion—a slight drop of 0.4% compared to 2022. While volume dropped...

Turkish Furniture, Paper, and Forestry Products Industry Expands Its Export Reach to Africa

In a strategic push to broaden export markets, the Istanbul Furniture, Paper, and Forestry Products Exporters' Association has...

Exploring the Future of Textile Machinery: Insights from Alex Zucchi at ITMA Asia + CITME 2024

Today, we had the privilege of interviewing Mr. Alex Zucchi, President of CEMATEX (the Association of European Textile...

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months • Sales...

Voltalia and TAQA Arabia Partner to Boost Egypt’s Green Energy and Hydrogen Production

Voltalia (Euronext Paris), a global leader in renewable energy, and TAQA Arabia have signed a significant framework agreement...

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Iran’s imports form U.S. down 40% in 11 months

Iran's imports form U.S. :: The IRICA data showed that Iran has imported 31,000 tons of commodities worth $150 million from the U.S. during...

Iran-Qatar Joint Economic Committee meeting slated for mid-April

Accordingly, an Iranian trade delegation headed by the country’s Industry, Mining and Trade Minister Mohammad Shariatmadari is going to visit the Arab country to...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco   ::  Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering (IPO)...

Pakistan welcomes Iran’s call for expansion of trade ties

Iranian Foreign Minister Mohammad Javad Zarif along with a 30-member trade delegation, from the country’s economic and trade sectors, attended the joint business forum...

Saudi Aramco international listing looks increasingly difficult

Saudi Aramco international :: Saudi Arabia is increasingly looking to just float oil giant Saudi Aramco locally as plans for an initial public offering...

Abu Dhabi hotel occupancy surges to 81% in February

Abu Dhabi hotel occupancy :: The high influx of winter travellers is keeping Abu Dhabi’s hospitality and leisure industry upbeat, with hotel occupancies soaring...

United Arab Bank ’s rights issue successfully subscribed by 124%

United Arab Bank (UAB) said on Monday its rights issue was subscribed 124 per cent, recieving Dh850 million of subscriptions. The bank plans to increase...

Kazakhstan-UAE trade ties on upswing

Kazakhstan-UAE trade :: Trade relationship between the UAE and Kazakhstan is growing rapidly with bilateral trade between the two countries reaching $246 million (Dh904...

Dubai’s realty a top attraction for foreign investments

Dubai is among the world’s top cities for foreign investments in real estate, according to a new update from the consultancy JLL. This has...

Dubai Exports spreads local fragrances to Brazil

Dubai Exports, the export promotion agency of Dubai Economy, through its Overseas Trade Office, OTO, in Brazil, has supported the successful expansion of the...
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