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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GHANA WASTE EXPOSÉ: RECYCLING ASSOCIATION LAMBASTS DUMPING

The UK’s Textile Recycling Association (TRA) has reiterated that there should be no waste within shipments of clothes sent to African retail markets, after...

An Industry Goes Viral

The outbreak of the novel coronavirus (COVID-19) in China is already having an impact on the global textiles-apparel-fashion industry, writes Subir Ghosh When the novel...

Turkey Accepts Morocco’s FTA Ultimatum, Reviews Agreement

Morocco’s government said Turkey must accept the proposal to review the FTA or dissolve the agreement. Rabat – The Moroccan government announced that Turkey decided...

LONDON STARTS TO TAKE AFRICA SERIOUSLY

The UK has perhaps the widest range of economic, political, cultural and historical ties with Sub-Saharan Africa of any non-African state. Yet successive British...

EGYPT SECURES MAJOR INVESTMENT AT UK – AFRICA INVESTMENT SUMMIT

British Investment firm Actis pledged £3 billion ($3.93 billion) investment to a number of Egyptian projects. LONDON – Egypt secured a number of new investment...

THE CURRENT TIME IS THE BEST FOR INVESTMENT IN EGYPT: MINISTER OF PLANNING

Egypt’s Minister of Planning and Economic Development asserted through her speech delivered on the sidelines of the UK-Africa Investment Summit 2020 in London on...

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...
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