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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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...

Iran’s priority in Iraq must be economic cooperation

A member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICC), Ali Shariati told ILNA on Tuesday that Iran's priority in ties with...

Turkish Clothing Brand Uses Iran as Production Hub

Turkish Clothing Brand Uses Iran as Production HubLC Waikiki has already placed an order with an Iranian company to produce garments labeled “Made in...

INDORAMA commits to recycle 50 bn bottles annually by 2025

Thailand-based Indorama Ventures Limited (IVL), one of the world's leading producers in the intermediate petrochemicals industry, has committed to invest $1.5 billion and achieve...

Iran’s stock market attracts $8.3b in 2 months

Iran’s stock market has attracted 350 trillion rials (about $8.33 billion) of liquidity since the beginning of current Iranian calendar year (March 20), the...

IFEMA gets ready to relaunch its activity

• IFEMA will be up and running again at the end of the summer season with some major innovations including state-of-the-art technology to support...

Coronavirus: Turkey and Egypt Garment Manufacturers Squeezed by Global Brands

As the world went into lockdown mode, manufacturers found major brands and retailers had gone 'incommunicado' Up until March, some one million Egyptian and 1.5...
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