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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Italian Textile Machinery Orders Intake Down in Second Quarter

  Italian textile machinery orders, as elaborated by ACIMIT, the Association of Italian Textile Machinery Manufacturers, for the period from April to June 2019, fell...

Vietnam’s success journey putting Bangladesh’s RMG sector under threat

Vietnam has become a huge competitor in the global RMG sector for Bangladesh. The South-Asian country has been an emerging giant in the global...

Isfahan – Iran ; Exports of goods increased by 174%

 Exports of goods from Isfahan customs in the first three months of this current Iranian year (starting in March 21) increased by 174 percent...

Pakistan’s Adviser urges rice exporters to benefit from Iran market

Pakistan’s Adviser to Prime Minister on Commerce, Textile, Industries and Production Abdul Razak Dawood urged his country's rice exporters to benefit from Iran market,...

Bangladesh stood on 2nd largest FDI reciepent of South Asia

Foreign direct investments are commonly made in open economies. It may include provisions of management and technology as well. The key feature of direct investment...

Russia Primary Consumer of Uzbek Textile Products

Russia remains the primary consumer of Uzbek textile items, according to the Uzbek state statistics committee. During January-May 2019, more than 38 per cent...

India-Kyrgyzstan 5-yr road map to raise trade: Modi

India and Kyrgyzstan have prepared a five-year road map to raise bilateral trade and urged business communities from both sides to explore the untapped...

Senior Iran MP Calls for Resumption of Banking Ties with Pakistan

A senior member of Iranian parliament says that resumption of banking ties between Iran and Pakistan is very important to enhance trade cooperation between...

Nigerian Central Bank panel to revive textile firms

The Central Bank of Nigeria (CBN) recently set up a committee to revive the country’s cotton, textile and garment industry following the earlier restriction...

Welspun India sees 46% growth in domestic retail business

Welspun India Limited (WIL), part of the $2.3 billion Welspun Group, has registered 46 per cent year-on-year growth during Q4 FY19 in domestic branded...
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