Economy News

AUS Professor’s Research on Smart cities and IoT-based platforms contributes to United Nations’ Sustainable Development Goals

American University of Sharjah (AUS) continues its commitment to research that positively impacts society, as renowned professor and researcher Dr. Abdul-Rahman Al-Ali publishes research on smart cities applications and...

UAE Launches ‘Naseej’ Initiative to Advance Textile Circularity and Reduce Waste

The United Arab Emirates (UAE) has launched Naseej, the National Initiative for Textile Circularity, marking a significant step...

NCTO Supports Congressional Push for Stronger US Textile Customs Enforcement

The National Council of Textile Organizations (NCTO) has welcomed a bipartisan effort in the US House of Representatives...

GID Textile Egypt Targets $500 Million in Exports with Major Expansion Plans

Egypt is set to strengthen its position as a regional textile manufacturing hub as GID Textile Egypt Group...

India–Oman CEPA Opens New Export Opportunities for Textile and Apparel Industry

The implementation of the India–Oman Comprehensive Economic Partnership Agreement (CEPA) is expected to provide a significant boost to...

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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...

Iran bans export of medical products over coronavirus outbreak

TEHRAN – Iran has banned export of some self-protection equipment, textile and cellulose products as the country tries to meet surging demand of the...

Iran Industry Ministry plans to save $3.3b by surge in production

TEHRAN- Domestic production of industrial and mining products is planned to save the country over $3.3 billion in the current Iranian calendar year (began...

the International Labour Organisation calls for protecting workers after lockdown

As pressure mounts on countries to ease lockdown restrictions, the International Labour Organisation (ILO) recently urged governments to take action to prevent and control...

USITC to identify imports needed for Covid-19 response

The US International Trade Commission (USITC) has instituted an investigation that will identify imported products that may be needed to respond to the Covid-19...

S Asia might experience worst performance in 40 years

The unfolding economic crisis due to the ongoing Covid-19 pandemic is unique in several ways, and South Asia might experience its worst economic performance...
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