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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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...

HIGH TARIFFS BAD FOR AFRICAN CONTINENTAL FREE TRADE AREA

Sometimes, depending on the tax policy of a given country, a tariff could be set as high as 60%. Even though several factors influence...

Global economy to slow, tensions to ease in 2020: report

Global economic growth is likely to fall to just over 3 per cent in 2019 and 2020 from 3.8 per cent in 2018, while...

China Aims to Double 2010 GDP Figures By 2020 End

China's top economic priority in 2020 is to build a moderately prosperous society in all respects with regulatory support, policymakers and analysts said recently....

AS IT SHARES RISE 10%, SAUDI ARAMCO BECOMES WORLD’S LARGEST LISTED COMPANY

As its shares rose by 10 % on stock market debut in Riyadh, the Saudi Aramco company has become the world’s largest listed company. According...
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