Economy News

EAS Sees Data-Driven Automation Reshaping Egypt’s Textile Industry

Egypt’s textile manufacturers are expected to accelerate investment in automation, production monitoring and data-management systems as they seek to improve quality and strengthen their export competitiveness, according to Francesc...

Change of Leadership at Rieter

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand...

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...

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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...

IMF: Global downturn ‘way worse’ than financial crisis

The COVID-19 pandemic has brought the global economy to a standstill and plunged the world into a recession that will be ‘way worse’ than...

EBA Issue and COVID-19 Expose Cambodia’s Economic Weaknesses: AVI

The announced intention to scale back the European Union’s (EU) ‘Everything But Arms’ (EBA) preferential trade arrangement with Cambodia and the COVID-19 pandemic are...

IMPORTED CLOTHES IN THE REGION TO COST MORE AFTER TAX REVIEW

East African citizens will pay more for imported clothes should governments go ahead with plans raise taxes on imported textiles by between 30 and...

US Textile-Apparel Fibre Imports Rise in 2019

US net textile and apparel fibre imports increased for the third consecutive year in calendar 2019, as consumer demand for clothing remained strong. Net...

25 mn jobs could be lost worldwide due to COVID-19: ILO

The economic and labour crisis created by the COVID-19 pandemic could increase global unemployment by almost 25 million, according to a new assessment by...

Imran Khan Says Increasing Exports Pakistan’s Top Priority

Raising exports is the top priority of Pakistan, which is revamping the economy, according to Prime Minister Imran Khan, who said economic targets will...

COVID-19 likely to cost economy $1 trn in 2020: UNCTAD

The novel coronavirus COVID-19 outbreak could cost the global economy up to $1 trillion this year, according to a recent report released by the...

15 of The Middle East’s Most Sustainable Companies

Among the standard tales of political gameplay, trade movements and health scares that regularly hit the headlines, these days you’d be hard-pressed to go...

Iran’s Exports of Petrochemical Products Rises by 5%

Iran’s petrochemical exports during the first 10 months of the current Iranian year (March 21, 2019-January 20, 2020) rose by 5 per cent over...
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