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’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...

TGSD Declared Open Call to Intl Brands About Fighting Against COVID-19

Turkish Clothing Manufacturers’ Association Board (TGSD) Declared Open Call to Global Brands About the Process of Fighting Against COVID -19 In the last four weeks,...

Turkey’s textile exports to recover soon: trade minister

Turkey's exports , which have been falling due to a decline in demand overseas, will soon start recovering, according to trade minister Ruhsar Pekcan,...

SABIC Q1 FY20: sales slip to SR 31 billion

Saudi Basic Industries Corp (SABIC) , a chemical manufacturing company, posted 18 per cent sales decrease to SR 30.8 billion (Saudi Riyals) in first...

Domestic production to save Iran over $3b in a year

TEHRAN- Iran Domestic production of industrial and mining products is planned to save the country over $3 billion in the current Iranian calendar year...
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