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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Global furniture market to touch $718b by 2025

Global furniture market :: Huge demand for branded home furniture coupled with rising spending capacity of consumers on home decor products will bring the...

Turkey, US discuss raising bilateral trade to $100 bn

Turkish trade minister Ruhsar Pekcan has said her country and the United States discussed steps to take bilateral trade to $100 billion from $20.6...

US-Africa trade talks end in Abidjan, highlight AfCFTA

Talks between African and US officials to review the African Growth and Opportunity Act (AGOA) free-trade deal ended Thursday in Côte d’Ivoire with no...

Egypt strikes deal for greater investment from China

Egypt signed a number of agreements and contracts with Chinese companies for new projects worth $18.3 billion, Egyptian Presidential spokesman Bassam Rady said in...

Turkish, US officials discuss steps for $100B target

Turkey’s Trade Minister Ruhsar Pekcan and US Commerce Secretary Wilbur Ross on Saturday addressed steps to achieve a bilateral trade volume target of $100...

Turkey loses $3bn in trade under no-deal Brexit

Turkey’s exports to the UK are expected to drop by $2.4-3 billion, in the event of a no-deal Brexit, Turkish Trade Minister Ruhsar Pekcan...

EGYPT Textile : Technological Symposium for Italian Textile Machinery

UNIDO (United Nations Industrial Development Organization) is organising, in collaboration with ACIMIT, the Association of Italian Textile Machinery Manufacturers, and Italian Trade Agency, a...

International investors explore opportunities in Kazakhstan at Caspian Economic Forum

Kazakh Invest officials presented investment opportunities in Kazakhstan to foreign companies Aug. 11-12 at the first Caspian Economic Forum held in Turkmenistan, reports Invest.gov.kz. Kazakh...

India-Iran PTA to be concluded by 2019 end: Iranian envoy

India and Iran can conclude a preferential trade agreement (PTA) by this year end as very limited formalities are to be completed, ambassador of...

3,000 jobs for Kenyan workers by January 2020, says Mas Holdings!

Yes, that’s what the garment and textile manufacturer Mas Holdings Singapore has said. In its efforts to enhance Kenyan Government’s job creation plan, the...
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