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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Iranian, Turkish Companies Discuss Cooperation in Istanbul

The top executives of some 70 Iranian high-tech companies conferred with their Turkish counterparts on possible cooperation at a B2B meeting held in Istanbul...

Iran’s Exports to Eurasia Up by 75 Percent

The Chief of Iran Trade Development Organization Hamid Zadboum says Iran’s exports to Eurasian countries have increased by 75 percent in value between March...

EU’s GSP+ concession to Sri Lanka to continue till 2023

The European Union’s (EU) generalised scheme of preferences plus (GSP+) tax concessions to Sri Lanka will continue till 2023, minister of industry, export, investment...

Qatar-Turkey trade reaches QR5.69bn during first nine months of 2019

The First Vice-Chairman of Qatar Chamber (QC), Mohamed bin Ahmed bin Towar Al Kuwari (right), with the head of the visiting Turkish business delegation...

Tunisian fashion brand LYOUM eyes international expansion following €500k investment

Tunisian fashion brand LYOUM ; Founded in 2011 following the Tunisian uprising, LYOUM has been a forefront player on the Mediterranean apparel and design...

EGYPT’S EXPORTS TO EAST ASIA HIT $4.3BN IN 2018

The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) has reported an increase in the value of exports to East Asian countries by...

Tunisia to host ”Prosper Africa” Summit in February 2020

Tunisia will host on February 6, 2020 the “Prosper Africa” Summit, a U.S. Government Initiative that unlocks opportunities to do business in Africa —...

Tunisia: CEPEX Trade Representations in Africa at the service of exports

Nearly 400 Tunisian companies wishing to go global took part in the open day with members of the network of commercial representations of the...

SAUDI ARABIA IS THE FIRST IN THE WORLD IN TERMS OF EASY INVESTMENT

Saudi Arabia has made qualitative progress, jumping 72 global ranks to become the first country in the world in terms of ease of doing...

Ashgabat plans to invest $300 mn by 2025 in textile sector

Turkmenistan is planning to allocate more than $300 million by 2025 for the implementation of more than 30 projects in the textile sector. Eighteen...
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