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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Turkey exported mostly chemical, textile products to Uzbekistan in 2019

From January through September 2019, the biggest share of Turkey’s exports to Uzbekistan accounted for chemical products and raw materials for textile products, a...

Turkey has great potential to compete worldwide: CEO

Turkey has a great potential to compete worldwide, particularly in the textile, auto, and machinery sectors, according to the CEO of Hannover Fairs Turkey, which handles the Turkish...

Global Cotton Report from 1990 to 2018

Global Cotton Report ; from 1990 to 2018 on Area, production, imports, exports and consumption The “Global Cotton Report” from Textile Beacon Global Info Services...

Japan (JNTO) Signs Memorandum of Cooperation with Emirates to Increase Visitors from the Middle East

Japan National Tourism Organization (JNTO) Signs Memorandum of Cooperation with Emirates to Increase Visitors from the Middle East To further increase tourism demand from the...

EU to help Pakistan boost textile exports: envoy

The European Union (EU) and the Pakistani textile industry recently joined hands to work for the sustainable growth of the country’s textile sector. With...

UAE-India Economic Forum 2019 to Focus on New Investment Opportunities

The UAE has been India’s evergreen growth partner, through trade, investments, job creation and remittances. And there is scope for more, made clear by...

Future Trends and Perspectives to be Discussed at FILTECH

With the FILTECH Show taking place from 22-24 October 2019 the city of Cologne in Germany will be the place to be for the...

CBN, Nigerian governors agree to develop agri sector

The Central Bank of Nigeria (CBN) and governors of 36 Nigerian states recently agreed to pool resources to develop their agricultural potential and generate...

Temsan will emphasize on the Domestic Production in KTM 2019

Temsan, the expert brand of air conditioning and solutions, is preparing to take part in KTM 2019 with its slasher machine which is a...

Iran seventh biggest global exporter of textile floorings

Iran was the world’s seventh biggest exporter of textile floorings in 2017, says director general of the Ministry of Industries, Mining and Trade’s Textile...
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